AUD/USD Forecast April 7, 2014, Technical Analysis

The AUD/USD pair rose during the session on Friday, breaking above the 0.9250 handle. Because of this, it appears the market is in fact going to try and go higher, so a break of the highs for the session on Friday is enough to get us to start buying. On top of that, we have the gold markets take off to the upside on Friday as well which typically will push the Australian dollar higher also. We are bullish of this market, but need to see a break above the highs in order to start placing money in it.

 

AUD/USD Forecast April 7, 2014, Technical Analysis