The AUD/USD pair had a somewhat volatile week but we ended up settling on a red candle. That being the case, the market looks as if it going to try to
The AUD/USD pair had a somewhat volatile week but we ended up settling on a red candle. That being the case, the market looks as if it going to try to break down a little bit from here, but quite frankly there is support just below, so ultimately it’s more or less going to be a market that we have to deal with on a short-term chart, not a longer-term chart. The negativity will more than likely continue, but we are not looking for any type of massive move at this point.
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.
