The AUD/USD pair fell significantly during the course of the week, breaking the bottom of a shooting star from the previous market. With this being the
The AUD/USD pair fell significantly during the course of the week, breaking the bottom of a shooting star from the previous market. With this being the case, the market has quite a bit of support below, so I think that short-term sellers will probably be what runs this market more than anything else. With this, if there is any type of supportive bounce, you may get an opportunity to sell again on short-term charts. As far as long-term trading is concerned, I don’t have any real interest in doing so at this point in time.
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.
