The AUD/USD pair fell initially during the day on Thursday, but bounced enough to break above the 0.79 level again. This is a pretty bullish move, but I think this is going to have more to do with gold than anything else. With the jobs number coming out today, expect extreme amounts of volatility and quite frankly with the thin trading conditions that we will probably have, I would advise staying away from this market. That being said, I will reevaluate the situation after the announcement, and then will keep you abreast of what I’m doing here at FX Empire.
Written by FX Empire