The AUD/USD pair rose during the session on Thursday, as you can see bouncing around the 0.90 handle. In the end though, this area did prove to be somewhat supportive, so we think that this market could get a little bit of a bounce from here. That bounce those should be an opportunity to sell as the markets have been so soft recently for the Australian dollar. Going forward, we think that a break of the lows will more than likely send this pair down to the 0.85 handle though, which of course would be preferred as it would be with the longer-term trend
Written by FX Empire