The AUD/USD pair had a wide range during the Thursday session as the global markets continue to go back and forth on headline news and general fears of European debt issues. The candle is another doji, suggesting that the pair isn’t ready to move much for the Friday session. This isn’t a surprise as so much of the world is focusing on the upcoming summits out of the EU during the weekend, and the markets will more than likely be somewhat tame, barring any headlines. (Hardly something that can be promised.) Because of this, we are neutral on this pair, and suspect it will fluctuate between 1.01 and 1.03 at the most.
Written by FX Empire