Last week, the Australian Dollar ended the week exactly where it started. In the coming week, we expect the price to resume the bullish momentum and break the resistance level located around the $0.785 area. Keep an eye on Wednesday’s Australian CPI Index data release as it may cause some volatility for this pair. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.