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AUD/USD Forecast September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:29 GMT+00:00
The Australian dollar tried to rally during the day on Friday, but found a bit of resistance near the 0.030 level. By pulling back, we have settled near
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The Australian dollar tried to rally during the day on Friday, but found a bit of resistance near the 0.030 level. By pulling back, we have settled near the 0.0 level again, an area that has been very interesting from longer-term charts perspective. I believe that we will eventually find buyers, but we may need a little bit of help from the gold market, or perhaps more of a “risk on” feel to the markets. Given enough time, I expect buyers to come back, so I’m looking for support or a bounce to get involved.
AUD/USD Video 18.9.17
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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