AUD Struggling to boost versus USD
10/16/2017 7:41:06 AM
The AUDUSD pair traded with minor negative bias at the beginning of a new trading week and now trading around 0.7878 level, just a few pips away from session lows.
Immediate support is fixed near 0.7863 level, below which the pair is probable to speed up the slide back towards 0.7825 intermediate support on the way 0.7810 handle.
On the upside, momentum beyond the 0.7903 handle is probable to provoke persistence near the 0.7910 area, which if cleared could improve the pair more towards 0.7955-65 strong barrier.
FOREX market analysis by FxErvin.