AUDUSD Trading News
10/12/2017 10:38:13 AM
The dollar selling pressure stays undiminished in Forex market, now pushing the AUDUSD pair more beyond the 0.7804 handle to fresh one-week tops.
A follow over buying interest has the possible to boost the pair towards 0.7863 horizontal persistence on the way 0.7907 handle and 80-day EMA barrier near the 0.7917 area.
On the other hand, 120-day EMA, near the 0.7805-0.7790 area, now becomes immediate support to preserve, which if broken might take the pair back towards mid-0.7715s ahead of 3 month lows support near 0.7733 level.
FOREX market analysis by FxErvin.