AUD USD Declines after several effort to persist
5/29/2017 3:39:46 PM
According to Forex market activities, the AUD/USD pair begin a brand new week on a softer note, after having failed numerous efforts to take-out firm persistence placed near 0.7518 area. At 0.7434, the immediate support is placed at 0.7427. Selling pressure is probable to strengthen below the last, pulling the Aussie to 0.7403 and below that 0.7386. On the other hand, the pair finds the immediate persistence at 0.7457 above which gains could be expanded to the next hurdle placed 0.7525 and 0.7548.
FOREX market analysis by FxErvin.