The AUD/USD pair went back and forth during the session on Monday as the markets try and figure out whether or not the US Congress can come together to
The AUD/USD pair went back and forth during the session on Monday as the markets try and figure out whether or not the US Congress can come together to find a solution to the “fiscal cliff.” Because of this, it appears that we are still headline driven, and as a result this market should continue to be volatile.
The 1.04 level should continue to offer support, and as long we are above it, this is a “buy only” market. The gold markets will also play a part, so this currency could be a bit back and forth over the next several sessions. As a result, we are flat at the moment.
AUD/USD Forecast December 4, 2012, 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.
