Audusd yahoo

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Audusd yahoo

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The Australian dollar has fallen rather hard during the course of the trading week, as we plunged below the 0. Ultimately, this is an area that should be supported, due to the fact that we had bounced from there a couple of times. The fact that we pierced it is of course a shot across the bow for those who would be bullish of the Aussie, but ultimately I think this is a situation where we are getting ready to break down. On the other hand, if we turn around and rally from here, the 0. I would fully anticipate that to be the case, and therefore I like the idea of fading short-term rallies, but from a longer-term chart perspective, it might be a little bit difficult to get overly aggressive.

Audusd yahoo

As you can see, the Australian dollar has rallied a bit during the trading session, and therefore, you can see that the market is just testing this previous resistance area. The 0. So therefore, I am very neutral on this pair. And in fact, the pair has pretty much done nothing but fall since that kicked off.

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The Australian dollar has rallied again during the trading session on Friday, as we continue to threaten the 0.

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