The AUD/USD pair had a choppy session on Monday as we bounced around below the 0.75 handle. This is an area that has a significant amount of support attached to it though, and therefore it’s not surprising to me that we struggled to break down significantly. Because of this, I believe that the market is probably one that is going to be difficult to trade as there is a lot of noise just above, as well as just below. With this, I’m on the sideline as the market needs to make significant decisions.
Written by FX Empire