The AUD/USD pair fell during the week, testing the 0.75 handle below. By a finding buyers there, the market turned around and bounced off that level to
The AUD/USD pair fell during the week, testing the 0.75 handle below. By a finding buyers there, the market turned around and bounced off that level to form a less than negative candle than it initially looks like would happen. Because of this, I think the market is going to continue to consolidate between the 0.75 level on the bottom and the 0.7750 level on the top. With that in mind, I’m trading this market from the short-term charts, and not long-term charts as there so much in the way of noise.
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.
