The AUD/USD pair went back and forth during the session on Thursday, essentially going nowhere. We feel that this market has quite a bit of support at the 0.93 handle, so it’s very likely that the market won’t do much. We think that there is a bit of an upward bias at the moment, but we don’t have a supportive candle in order to start buying. We also believe that the 0.95 level offer a lot of resistance, so don’t be surprised at all if the Australian dollar seems a bit” stuck” at the moment.
Written by FX Empire