The AUD/USD pair had a fairly negative candle during the day as we continue to run into quite a bit of resistance near the 0.77 handle. With this being
The AUD/USD pair had a fairly negative candle during the day as we continue to run into quite a bit of resistance near the 0.77 handle. With this being the case, I feel that the market is probably going to be a bit difficult to deal with right now, and I am remaining on the sidelines. It does have a little bit of a bullish attitude to it, but not enough for me to get overly excited. I will remain on the sidelines with the Australian dollar for the time being, but will let you know as soon as I see something worth risking money over.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
