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.
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.
