The AUD/USD pair went back and forth during the session on Monday, essentially doing nothing at the end of the day. As we ended the day basically unchanged, this market looks like it’s still comfortable being below the 0.90 handle, but we also recognize the fact that we are at the end of the year, and therefore it’s very unlikely that were going to see the massive amounts of selling or buying in any particular market. Pay attention to the gold markets, as they often drive the Australian dollar in one direction or the other. Right now though, and looks like traders are getting ready to go to holiday more than anything else.
Written by FX Empire