The AUD/USD pair rallied initially during the week, testing the 0.7750 level. That’s an area that cause quite a bit of resistance, and with this being the
The AUD/USD pair rallied initially during the week, testing the 0.7750 level. That’s an area that cause quite a bit of resistance, and with this being the case I believe that the sellers may try to push this market lower. However, if we break above the vital 0.7750 level, the Australian dollar could go much higher. Markets of course will have an influence on this pair as they typically do, and I expect to see a massive amount of support near the 0.75 level underneath as it has been reliable in the past.
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.