Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/CHF

The cyclically-sensitive Australian Dollar looks set to continue gaining ground against its haven-associated counterparts, as bullish technical setups take shape across several AUD crosses. Here are the key levels to watch for AUD/USD, AUD/JPY and AUD/CHF. Although the long-term technical outlook for AUD/USD remains bullish, a short-term pullback could be on the cards as buyers fail to penetrate resistance at the Pitchfork median line and January 27 high (0.7764). With the RSI notably U-turning at 60, and the slope of the 50-day moving average (0.7563), further gains seem relatively unlikely in the near term. … (full story)

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