The AUD/USD pair fell hard during the session on Thursday, but found enough support to keep from falling too far. We look at this market has been a bit on the bearish side, for the short term, but it does look like the market has broken out overall. With that being the case, we feel that the market will eventually climb higher than, perhaps as high as 0.95. However, we need to break above the top of the candle for the Thursday session in order to feel comfortable doing so. Until then, we are on the sidelines.
Written by FX Empire