The AUD/USD pair had a choppy week, forming a very neutral candle. We have recently broken down below a significant uptrend line, we have bounced back
The AUD/USD pair had a choppy week, forming a very neutral candle. We have recently broken down below a significant uptrend line, we have bounced back from there, and now have found ourselves a bit flat. Because of this, it looks as if we are going to continue to go lower and most certainly the gold market could have a role-playing that. If gold falls, the Aussie should continue the downward trajectory that we had seen previously. I have no interest in buying this market now, but would love to sell below the 0.73 handle.
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.
