I suspect the volume is anemic at best. Be careful with all your positions because a sudden announcement can send the market into a frenzy and cause a lot of damage that you shouldn’t have to deal with in a normal environment. AUD / USD rose slightly during Thursday’s trading, as we have seen for several days in a row. Unlike other days this week, we saw the Australian hanging on for a win in December. This is a positive development for the Australian dollar, but it is also worth noting that there is so much trading going on. After all, most people were worried about the New Year holiday, not so much about currency exchange. Advertisement Do you have a place to try? Don’t wait! Trade AUD/USD Now We are currently stuck between the 50 day EMA which is over 200 days below. This usually creates some pressure in the market, and so you have to be aware that we will end up with an explosive move. As we move higher, I think we will be looking at the 0.70 level where we will start the battle. On the other hand, if we break below the 0.66 level, we will probably fall to the 0.65 level, where we have seen a lot of resistance before, so it would make sense that we will have a „market memory” coming. play there Be careful That said, I think this market is going to be very volatile over the next few days, so I wouldn’t get too aggressive one way or the other. Member, the Australian dollar is very sensitive to China and as China reports 37 million new cases of coronavirus every day, it is not happy. Ultimately, think this is a scenario where we’re likely to see a lot of back and forth and then a sudden impulsive move. This impulsive move could happen after Friday’s job count or late next week. Sometimes I don’t read too much into any price action and suspect volume is anemic at best. Be careful with all your positions because a sudden announcement can send the market into a frenzy and cause a lot of damage that you shouldn’t have to deal with in a normal environment. I think we’re trying to be number one in that market, but we just don’t have the catalyst to move it over the top for any meaningful movement.