AUD/USD had an interesting session during the Thursday trading hours, as we reached towards the 0.7750 level. We turned around to form and exhaustive candle, and as a result I think we will more than likely try to pull back and find buyers underneath. The 0.76 level underneath is supportive, so I don’t think we go any lower than that. A pullback should be a buying opportunity upfront, and if we can break above the 0.7750 level, the market should extend all the way to the 0.80 level. I have no interest in selling.
Written by FX Empire