The AUD/USD pair was choppy during the trading session on Thursday, as the 0.0 level continues to cause issues. If we can break above the 0.8015 handle, I
The AUD/USD pair was choppy during the trading session on Thursday, as the 0.0 level continues to cause issues. If we can break above the 0.8015 handle, I think the market could rally at that point, but until then I suspect that markets are going to grind sideways in general. This is a major inflection point on longer-term charts, so being patient enough to wait for a significant break out could pay dividends going far into the future. Selling is not a thought currently, because I see so many supportive levels just below.
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.
