At the opening this week, the Aussie gaped up about 30pips. From my experience looking at the currency markets, I noticed that gaps usually get filled. I am monitoring the AUD/USD to see whether this gap gets filled as most others do.
Its interesting to note also that he AUD/USD have broken a resistance level at 0.9192 and did a correction that did not go back to that point and proceeded to bounce higher. This indicates how strong the bulls are at the moment and there is a chance that long Aussie traders might just push the price to major resistance level at 0.9390.
Ardy is a Professional Forex Trader specializing in the Forex market. He trades using both Technical and Fundamental Analysis and mentors other traders how to trade the Forex market using proprietary trading strategies which he has developed over the years. He started investing in equities in 1999 and trading Forex in 2008. He is the founder and lead currency strategist @ Forexachievers.com