The AUD/USD pair rose during the session on Wednesday as we continue to try and break out above the 1.05 level. If we do manage to do that, the 1.06 level will be calling. However, we can get above their, that’s when this pair really starts to take off. Ended short-term, we feel that this is a short-term trader’s type of market. Obviously, there is quite a bit of support at the 1.04 level, and although it looked like it was going to offer quite a bit of resistance, it was over, and we now see this market as one that is trying to wind up to go higher.
Written by FX Empire