The AUD/USD pair initially fell during the day on Monday but then turn right back around to form a bullish candle. By doing so, looks as if we are putting serious pressure on the resistance barrier above, and that it is only a matter of time before we break out again. I believe that this market continues to go higher but it is going to be more of a grind than anything else, so I’m not willing to get overly excited about volatility. I have to look at this from a longer-term perspective, and for me this market goes higher over the longer term.
![AUD/USD Forecast August 16, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/08/audusd-10.jpg)