The AUD/USD pair went back and forth on Wednesday, closing below the 0.95 level. The market is well supported below this area, and the buyers should step into the markets and start going higher. The pair at that point in time should head to at least the 0.97 level. The area there will be resistive, but if we can get above that, the market will head towards the parity level. The candle that formed for the session on Wednesday is about as neutral as it gets, and as a result we think the sellers are running out of steam.
Written by FX Empire