The AUD/USD pair initially tried to rally during the course of the week but turned back around to slam into the 0.70 region. This area is the absolute
The AUD/USD pair initially tried to rally during the course of the week but turned back around to slam into the 0.70 region. This area is the absolute bottom of the market, but it now looks as if the market could very well break below there. If we make a fresh, new low, the market will then start to reach towards the 0.68 handle. Any bounce from here should be a selling opportunity, and as a result we of course will sell resistive candles above as long as we stay below the 0.75 handle.
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.
