Australian dollar recovered significantly during Thursday’s trading session, surpassing the peaks of the previous session. The Australian dollar has reached the level of 0.63 and, therefore, it seems that we will see more purchases with enough time. Ultimately, if the market recedes from here, there should be a lot of buyers underneath. That being said, that does not mean that we are going straight into the air and, quite frankly, we are still considering a scenario where market stocks revolve around. However, the Federal Reserve which seeks to liquefy all the markets there suggests that the US dollars could lose some value. That said, there are still a lot of concerns, so being careful is still on the agenda. “Data-reactid =” 12 “> The Australian dollar rallied considerably during the trading session Thursday, surpassing the previous session high. The Australian dollar hit 0.63, and as a result , it looks like we’re going to see more purchases with enough time. Ultimately, if the market recedes from here, there should be a lot of buyers underneath that being said, that doesn’t mean that we let’s go straight into the air, and frankly, we are still considering a scenario where the headlines of the market around. However, the Federal Reserve which seeks to liquefy all the markets there suggests that the US dollar could lose some value. said, there are still a lot of concerns, so be careful.
AUD / USD Video 10.04.20
Below that, the 0.62 level should now offer support so that a new visit to this area can attract buyers. A failure below this level could throw more doubt into the scenario, but at this point, it certainly seems that the Australian is trying to make a serious turn. The market should continue to experience great volatility and, of course, the Australian dollar will be a huge center of this volatility, as it is so strongly linked to China. On the upside, if we can clear the handle of 0.63, it is very likely that we can go to the level of 0.65. This is a major level, and it should be noted that these large figures tend to attract a lot of attention. Expect volatility, so keep the size of your position small.
article was originally published on FX Empire “data-reactid =” 16 “> This article was originally published on FX Empire