The Australian dollar rally during the course of the week, bouncing off of the 0.75 handle. This is a market that looks as if it is trying to reach the
The Australian dollar rally during the course of the week, bouncing off of the 0.75 handle. This is a market that looks as if it is trying to reach the 0.77 level above, but at this point in time we are more than likely just going to grind overall. I think we have an upward bias, but we also have a lot of noise above. In other words, it’s probably better to trade the Australian dollar off of the short-term charts rather than the longer-term charts. However, keep in mind that the gold markets have a correlation with the Aussie.
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.
