FX Empire

AUD/USD Forecast September 5, 2017, Technical Analysis

The Australian dollar gap lower as the North Koreans tested a nuclear bomb, but then turned around to fill that gap before falling again. I think that the market has significant support near the 0.79 handle, just as we have massive resistance at the 0.80 level. I think we continue to bang around between these … Continue reading AUD/USD Forecast September 5, 2017, Technical Analysis · FX Empire
Christopher Lewis
Updated

The Australian dollar gap lower as the North Koreans tested a nuclear bomb, but then turned around to fill that gap before falling again. I think that the market has significant support near the 0.79 handle, just as we have massive resistance at the 0.80 level. I think we continue to bang around between these 2 levels and the short-term, and as we are in the middle of them, I think it’s probably best to simply wait on the sidelines for the market to show some clarity. Currently, we are essentially in “no man’s land.”

AUD/USD Video 05.9.17

This article was originally posted on FX Empire

More From FXEMPIRE:

and

Recommended Stories