Daily Forex Reports | by FX Empire | Thursday, 14 June 2012 06:18 UTC
The AUD/USD pair attempted to rally on Wednesday, but was turned away at the parity level yet again. This area is looking more and more like a “top” to the market, and as a result we are sellers of this pair. Another failure to break above the parity level and a weak candle would have us selling, and a break of the bottom of the shooting star for the Wednesday session would have us selling as well. As for buying, a lot would have to change in the world for us to think that buying the risk currencies is a good idea. Currently, selling is the only option for us.
Written by FX Empire
Forex Market Analysis
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