The AUD/USD pair continued to go back and forth during the course of the day on Wednesday, as the 0.72 level continues to be a bit of a magnet for price. When you look at this chart, you can see that the 100 day exponential moving average is essentially flat, meaning that there isn’t much of a trend recently. Ultimately, this is a market that is going to be difficult to trade anytime soon as the holiday liquidity will be lacking, and quite frankly we are sitting on the sidelines when it comes to the Australian dollar at the moment.
