The AUD/USD pair had a slightly positive session during the day on Tuesday, breaking above the 0.77 level for the briefest of moments. I believe that the
The AUD/USD pair had a slightly positive session during the day on Tuesday, breaking above the 0.77 level for the briefest of moments. I believe that the market breaking above the top of the range during the day on Tuesday could be a buying opportunity, but you can see that the market did of course push back. There is a lot of noise above, so it’s not like a move higher is going to be easy anyway. Because of this, I would more than likely step away from this market in general at this point in time.
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.
