AUD/USD Forecast July 27, 2016, Technical Analysis

The AUD/USD pair rose during the course of the day on Tuesday, reaching out and above the 0.73 level. Pay attention to the gold market, because of gold rises, the Australian dollar should as well. There will be quite a bit of volatility though, that’s probably the one thing you can count on. I believe that short-term pullbacks will offer buying opportunities, but with this being the case it’s likely that you will have to basically “close your eyes” and let the trade run its course of the upside. You could make an argument that we are in an uptrend channel at the moment.