- The AUD/USD currency pair initially pulled back a bit Monday, but then turned around to show plenty of strength.
- The market then started to reach the 50-day EMA, which is a large indicator that a lot of people pay close attention to.
- The market is sitting just below the 0.70 level, which is a large, round, psychologically significant figure.
- With that being the case, it does make quite a bit of sense that we would see hesitation.
AUD/USD Forecast: Australian Dollar Continues to Fight
