The Australian dollar tried to rally during the day on Friday, but found a bit of resistance near the 0.030 level. By pulling back, we have settled near
The Australian dollar tried to rally during the day on Friday, but found a bit of resistance near the 0.030 level. By pulling back, we have settled near the 0.0 level again, an area that has been very interesting from longer-term charts perspective. I believe that we will eventually find buyers, but we may need a little bit of help from the gold market, or perhaps more of a “risk on” feel to the markets. Given enough time, I expect buyers to come back, so I’m looking for support or a bounce to get involved.
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.
