The AUD/USD pair fell slightly during the course of the session here on Friday, as we continue to see quite a bit of negative pressure. With this being
The AUD/USD pair fell slightly during the course of the session here on Friday, as we continue to see quite a bit of negative pressure. With this being the case, we believe that rallies will continue to be selling opportunities on signs of exhaustion, and of course a break down below the bottom of the range for the week, we could see quite a bit of downward pressure continue. Rallies could happen, but ultimately, it’s likely that the sellers will return again and again, as the 0.73 level above will continue to be resistance.
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.
