AUD/USD went back and forth during the Thursday session, so having said that it’s likely that the market will continue to be volatile in general.
AUD/USD went back and forth during the Thursday session, so having said that it’s likely that the market will continue to be volatile in general. Ultimately, this is a market that tends to be greatly influenced by gold, and as a result of the market falling, I believe that the Australian dollar will do the same. This will be especially interesting today due to the jobs number coming out of America. If the US dollar strengthens in general, gold should fall, and of course the Aussie should follow suit. Of course, and can work in the opposite direction as well but I think it would be a short-term buying opportunity at best.
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.
