The AUD/USD pair went higher during the session on Wednesday, but as you can see still remains right around the 0.95 handle. It would not surprise us at all if this market decided to stay in this general vicinity until we got the nonfarm payroll numbers, which come out Friday morning in New York as you know. Either way though, we do think this market has more of a bias to the upside, and therefore we are buying breakout above the highs for the session. Because of this, we are not selling under any circumstances until after that announcement comes out.
Written by FX Empire