AUD/USD fell on the session for Thursday as traders took a bit of risk off the table worldwide. The Aussie is always sensitive to these moves, so the fall wasn’t exactly a surprise. The 1.02 handle offered a bit of support, and as there was a cluster of orders there – this wasn’t a surprise either. Presently, we are in the middle of the range that we have seen over the last few months, and as a result we are flat in the market. However, given that today is Non-Farm Payroll Friday, we are willing to sell this pair if that number comes out weak for the month of December.
Written by FX Empire