The AUD/USD pair fell during the session on Thursday, but as you can see bounced slightly from the very lows. Nonetheless, we are closing below the 0.9250 handle, and as a result a break of the lows for the session on Thursday, we are more than willing to sell this market as it certainly looks like it’s broken down a bit. Our target for bearish positions is the 0.90 handle, an area that is a large round psychologically significant number, and shows a significant amount of support on the longer-term charts. As far as buying is concerned, we are very hesitant to at this point.
Written by FX Empire