The AUD/USD pair broke higher during the course of the day on Tuesday, testing the 0.7250 level. If we can break above there, the market could reach
The AUD/USD pair broke higher during the course of the day on Tuesday, testing the 0.7250 level. If we can break above there, the market could reach towards the 0.7350 level, but at best would be a short-term buying opportunity. We believe that the market will more than likely run into sellers sooner rather than later, offering a selling opportunity. The one thing that we can count on is volatility at this point in time, so having said that we are very quick to take profits when we find them. With gold markets being volatile, so will the Aussie dollar.
AUD/USD Forecast November 25, 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.
