The AUD/USD pair bounced a bit during the course of the session on Thursday, showing quite a bit of resilience. The market seems to have quite a bit of
The AUD/USD pair bounced a bit during the course of the session on Thursday, showing quite a bit of resilience. The market seems to have quite a bit of support below, near the 0.75 handle. With this, the market should then reach towards the 0.78 handle. Pullbacks should be buying opportunities as the market has quite a bit of bullish pressure underneath, and as a result it’s more than likely going to continue to push the Aussie higher and perhaps driving towards the 0.80 level, an area that the market has been attracted to on longer-term charts as well.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
