AUD Decline in lower level versus USD
7/21/2017 1:00:09 PM
The AUD/USD pair came under selling pressure and fell below the 0.7910 handle in Forex market, although has succeeded to recover around 23-pips from session lows.
Constant decline below session lows support near 0.7877 level should expand the corrective slide towards 0.7833 horizontal support on the way 0.7803 handle. On the other hand, any up-move now appears to provoke strong hurdle near 0.7957 area, above which the pair is probable to make a fresh effort towards reclaiming the 0.8007 handle.
FOREX market analysis by FxErvin.