The AUD/USD pair bounced from the start of the 1.04 level on Thursday, overtaking the losses from the Wednesday session. The pair also bounced from the 38.2 Fibonacci level, and this bodes well for the bulls at this point. As the pair is in a bullish trend, we think this is a good sign to go long on. The breaking of the Thursday highs will be our signal to buy, and until we get below the 1.04 level on a daily close, we don’t even consider selling this pair as it is so strong.
Written by FX Empire