The AUD/USD pair went back and forth during the course of the session on Friday, at one point in time breaking down to a fresh, new low. With that, if we
The AUD/USD pair went back and forth during the course of the session on Friday, at one point in time breaking down to a fresh, new low. With that, if we break down below the bottom of the range, we would be sellers. On entering, we rally from here we feel that the 0.75 level above is essentially the “ceiling” in this market, keeping the market going lower. On top of that, we recognize that the gold markets are absolutely anemic at the moment, so those market should continue to fall as well.
AUD/USD Forecast August 3, 2015, Technical Analysis
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.
