The AUD/USD pair fell during the course of the week, slicing through the 0.75 handle. The fact that we have broken down there suggests that we could see
The AUD/USD pair fell during the course of the week, slicing through the 0.75 handle. The fact that we have broken down there suggests that we could see quite a bit of negativity but at this point in time I think there are more than enough support of areas below that should keep this market difficult to deal with from the longer-term perspective. Ultimately, I think that you will probably have to trade this market off of the short-term charts, or perhaps even sit on the sidelines as the market has to figure itself out.
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.
