The AUD/USD pair was choppy during the trading session on Thursday, as the 0.0 level continues to cause issues. If we can break above the 0.8015 handle, I think the market could rally at that point, but until then I suspect that markets are going to grind sideways in general. This is a major inflection point on longer-term charts, so being patient enough to wait for a significant break out could pay dividends going far into the future. Selling is not a thought currently, because I see so many supportive levels just below.
Written by FX Empire