The AUD/USD pair rallied during the day on Thursday, testing the 0.75 level. That’s an area that I believe should be rather resistive, so if we can break
The AUD/USD pair rallied during the day on Thursday, testing the 0.75 level. That’s an area that I believe should be rather resistive, so if we can break above the top of the range for the session on Thursday, the market should continue to go much higher. Alternately though, if we form an exhaustive candle here, the Australian dollar could pullback, as it is a bit overextended. Pay attention to the gold markets, they of course have an influence on the Aussie dollar itself. Regardless, expect quite a bit of volatility no matter which direction we go.
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.
