The AUD/USD pair went back and forth during the day on Friday, as we continue to see support at the 0.75 handle underneath. If we can break down below
The AUD/USD pair went back and forth during the day on Friday, as we continue to see support at the 0.75 handle underneath. If we can break down below there, the market will go much lower but I do recognize that there is a lot of support underneath. Because of this, it would be a messy move. If we can break above the top of the candle for the session on Friday, the market then will more than likely try to reach towards the 0.7750 level above. Either way, pay attention to the gold market as it has such an influence on the Aussie.
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.
