By FXEmpire.com
The AUD/USD pair fell for much of the week to form a bearish candle. The candle is a weak one, but isn’t as bad as it could have been, as the 0.97 level held up for the bulls. The level looks like a serious one, and we have to see this pair close below it in order to continue the down trend at this point. The buying of this pair isn’t a trade that we are willing to take until we clear the 1.02 level as the market has many minor resistance levels until we get above that mark. Also, there are a lot of headline risks out there that could push this pair much lower. We are willing to sell this market on a close below 0.97, and a rally that looks weak.
Click here for updated AUD/USD News.
Originally posted here
