AUD/USD Forecast April 11, 2017, Technical Analysis

AUD/USD daily chart, April 11, 2017

The AUD/USD pair had a choppy session on Monday as we bounced around below the 0.75 handle. This is an area that has a significant amount of support attached to it though, and therefore it’s not surprising to me that we struggled to break down significantly. Because of this, I believe that the market is probably one that is going to be difficult to trade as there is a lot of noise just above, as well as just below. With this, I’m on the sideline as the market needs to make significant decisions.

Written by FX Empire