The AUD/USD pair rose during the Thursday session as the “risk on” attitude of the markets was boosted by the central banks out there suggesting that they were going to step in and provide liquidity for the markets if the weekend elections in Greece throw a monkey wrench in the works. This gave quite a few traders a boost of confidence, and the pair shot up through the most recent highs as a result. The pair looks rather bullish at this point, but if you aren’t already long of it – staying out until Monday is advised as this weekend is going to be so drastic as far as the markets in general are concerned.
Written by FX Empire