The Australian dollar is approaching the 0.80 level, an area that has been vital one weekly chart. This market looks as if it wants to break out, and once
The Australian dollar is approaching the 0.80 level, an area that has been vital one weekly chart. This market looks as if it wants to break out, and once it does, I believe that we could go as far as parity. I need to see a weekly close above the 0.0 level to feel comfortable buying, but once we get that, I plan on holding for weeks. If we break down below the 0.7750 level, then the uptrend is over. However, I do not think that’s going to happen anytime soon.
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.
