The AUD/USD pair fell during the Tuesday session, but found buyers below the 0.7450 level. We are testing the 0.75 handle, which I believe will be rather
The AUD/USD pair fell during the Tuesday session, but found buyers below the 0.7450 level. We are testing the 0.75 handle, which I believe will be rather resistive. If we see gold markets bounce, then we will more than likely see the same thing here. On the other hand, if we can break down below the bottom of the range for the day on Tuesday, I feel that the market will continue to drift lower, perhaps reaching towards the 0.73 level below. With this in mind, I have no interest in placing a trade until I get a daily close that confirms one direction or the other.
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.
