The AUD/USD pair rose during the course of the week, using the 0.75 level as massive support. That support extends all the way down to the 0.74 level, and
The AUD/USD pair rose during the course of the week, using the 0.75 level as massive support. That support extends all the way down to the 0.74 level, and as a result we believe that this market will continue to expand and go higher given enough time. Pullbacks will be thought of as potential buying opportunities, and we should eventually try to grind our way towards the 0.80 level, but it is going to take quite a bit of effort to get to that region. We have no interest in selling.
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.
