The AUD/USD pair initially fell during the course of the week but turned around and broke above the 0.75 level. This is a market that looks like it still
The AUD/USD pair initially fell during the course of the week but turned around and broke above the 0.75 level. This is a market that looks like it still has quite a bit of bullish pressure underneath it, but there is a significant amount of noise just above as well. Because of this, I’m not interested in longer-term trades, and believe that we will continue to see quite a bit of choppiness. This tends to lend the market towards the short-term charts, and therefore I think that’s where look for trades.
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.
