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.
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.
