The AUD/USD pair went back and forth during the course of the session on Friday, showing quite a bit of volatility as usual. The 0.71 level below is
The AUD/USD pair went back and forth during the course of the session on Friday, showing quite a bit of volatility as usual. The 0.71 level below is supportive, but we also see quite a bit of resistance just above at the 0.72 handle. Ultimately, every time we pullback from here we should see support, but quite frankly this is a market that we feel more comfortable sitting on the sidelines currently, as the market is very tight and has a lot of support and resistance barriers around current pricing at the moment.
AUD/USD Forecast November 16, 2015, Technical Analysis
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.
