The AUD/USD pair rose on Thursday as the bulls stepped back in to push back against the fall at the end of the Wednesday session. The pair is highly risk-sensitive, so we aren’t big fans of being long in general. The pair is likely to go sideways over the next couple of session in light volume trading. The parity level looks as if it is going to act as a magnet for price yet again. We are biased to the short side, but don’t see the signal just yet. In the mean time, we are flat in this market.
Written by FX Empire