After a very difficult week, the Australian dollar bounced above the 0.80 level again. Because of this, I think it’s only a matter of time before we
After a very difficult week, the Australian dollar bounced above the 0.80 level again. Because of this, I think it’s only a matter of time before we continue to the upward momentum, and break out to the upside for a large move. The market has been very choppy as of late, but the 0.0 level is vital on the charts going back decades. A lot of noise would be expected here. If we could get a little bit of a help from the gold market, that could only turbocharge this currency higher.
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.
