The AUD/USD pair initially fell during the course of the week but turned around and broke above the 0.75 level. This is a market that looks like it still
The AUD/USD pair initially fell during the course of the week but turned around and broke above the 0.75 level. This is a market that looks like it still has quite a bit of bullish pressure underneath it, but there is a significant amount of noise just above as well. Because of this, I’m not interested in longer-term trades, and believe that we will continue to see quite a bit of choppiness. This tends to lend the market towards the short-term charts, and therefore I think that’s where look for trades.
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.
