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Pairs in Focus This Week – AUD/USD, EUR/USD, USD/JPY, GBP/USD, NASDAQ 100, Gold, DAX, Hang Seng
The AUD/USD has rallied rather significantly during the course of the week, breaking above the 0.68 level. The market threatened the 0.69 level on Friday but did pull back a bit. At this point, it does make a certain amount of sense we get a short-term pullback, but if we can hold the 0.68 level on some type of bounce, it’s likely that this market will try to get to the 0.70 level above. On the other hand, if we were to take out the bottom of the weekly candlestick, then the Aussie would more likely than not drop toward the 0.66 level. chart EUR/USD chart The EUR/USD has rallied during the course of the trading ... (full story)