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.
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.
