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.
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.
