The AUD/USD rose slightly during the Friday, testing the 0.75 level. However, price did not break above it and there is a shooting star from the previous week to worry about. With that in mind, I think we could rally, but it’s going to be subdued to say the least. Also there is a significant amount of support below, especially near the 0.7350 level, so at this point sentiment stays bullish.
![AUD/USD Forecast July 4, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/07/audusd-1.jpg)