The AUD/USD pair initially tried to rally during the course of the week, but then turn right back around to reach down towards the 0.75 level. I believe
The AUD/USD pair initially tried to rally during the course of the week, but then turn right back around to reach down towards the 0.75 level. I believe this area should be supportive though, so I don’t have any interest in shorting at this point in time. However, I would start selling if we broke down below the 0.74 level, as it would show a real break down of significant support. I have no interest in buying this market at the moment, so therefore I’m not even looking for the trade.
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.
