The AUD/USD pair broke out during the day on Thursday, clearing the 0.73 level. We are dealing with a significant amount of resistance in this general vicinity, but it looks as if the Australian dollar is trying to make a serious come back. Nonetheless, I’m waiting for signs of exhaustion to start selling due to a better than anticipated jobs number. At this point, it’s a bit risky to get involved before finding out what the employment situation is. Pay attention to gold, the market will of course have an influence on the Aussie.
Written by FX Empire