The AUD/USD pair fell during the session on Thursday, but bounced enough above the 0.93 level in order to form a little bit of a hammer. That being the case, we think this market could go higher, but we think that the 0.95 level will be resistive enough to keep the market down. Pay attention to the gold markets as well, as the two markets have diverged, something that isn’t very common. However, if we can break above the top of the hammer for the session on Thursday, we think that there is a little bit of a short-term buying opportunity.
Written by FX Empire