On fxempire.com, the longer-term charts are bullish, as we have seen a nice up trending channel since the end of 2015. Ultimately, I think that the market will probably go looking towards the 0.80 level above, which has been a nice fulcrum for price over the last several years.
AUD/USD Daily Forecast - 18 April
The Australian dollar initially tried to rally during trading on Tuesday but found the 0.78 level to be a bit too much. By pulling back the way we have, it looks likely that we are going to find buyers underneath, perhaps near the 0.7750 level, or maybe even the 0.77 level. I believe the gold will have its normal influence on this market, as we should see a certain amount of interest going forward.
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