AUD USD Advance for several weeks in Forex market
7/12/2017 10:45:36 AM
The AUD/USD pair sustained gaining traction for the 3th successive session and improved previous session's acceleration momentum beyond 0.7637-45 strong hurdle.
The 0.7637-45 persistence break area now appears to protect the immediate downside, which if broken could speed up the retracement back towards the 0.7615 handle on the way 0.7583 important horizontal support.
On the upside, momentum above 0.7668 level could help the pair back towards regaining the 0.7703 handle ahead of several month highs persistence near 0.7717-25 area.
FOREX market analysis by FxErvin.