The Australian dollar fell initially on Tuesday, but found the 0.80 level to be supportive. We have bounce from there, so it looks like we will probably try to go higher from here. Ultimately, I think the market does continue the uptrend, and this will be especially true the gold markets rally. Alternately, if we break down below the 0.80 level underneath, we could drop down to the 0.7950 level. This market will be volatile, and at this level I think it would be somewhat risk sensitive, so keep that in mind. Longer-term, the break above the 0.0 level was very significant.
AUD/USD Video 13.9.17
This article was originally posted on FX Empire
