AUDUSD Trading News in Forex market
2/13/2018 6:47:19 AM
The AUDUSD pair is seen merging the latest up move to 5 day tops of 0.7870, as the bulls stay anxious among declining risk appetite.
The technical picture for the AUD is mixed again on Tuesday and a watchful stance is required. While the dailies still point lower, the D1-hour charts hint that the current bounce could continue and above the current levels could see an extension towards 0.7875/87 and possibly back to 0.7903/15. The dailies still appear heavy though and the weakness will again see bids at 0.7805/20, at 0.7777 and at 0.7750/63 though I don’t see the AUD back below 0.7805 today.
FOREX market analysis by FxErvin.