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AUD/USD Forecast July 3, 2017, Technical Analysis
Updated: Jul 1, 2017, 05:06 GMT+00:00
The Australian dollar rallied initially during the day, testing the 0.77 level above. We pulled back though, and now looks like the 24-hour exponential
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The Australian dollar rallied initially during the day, testing the 0.77 level above. We pulled back though, and now looks like the 24-hour exponential moving average is trying to offer dynamic support that should push the market to the upside. With this in mind, I think we go to much higher levels, and if we can break above the 0.7750 level, I believe that the market will eventually go looking for the 0.0 level above which is an important level on longer-term charts, and should continue to be the target in the near term.
AUD/USD Video 03.7.17
About the Author
Christopher LewisSenior Analyst
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.
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