AUD/USD Forecast July 1, 2015, Technical Analysis

The AUD/USD pair rose during the course of the session on Tuesday, as we continue to consolidate between the 0.76 level on the bottom, and the 0.78 level on the top. With that, we are not necessarily interested in trading this market, and think that it will simply go sideways for the time being. After all, gold markets are doing much, so there’s not much to propel the Australian dollar at the moment. With this, we continue to observe but will keep you apprised what we see at FX Empire as far as the Australian dollar is concerned.

 

AUD/USD Forecast July 1, 2015, Technical Analysis