AUD USD Declines to session lows In Forex market
7/3/2017 3:06:42 PM
According to the Forex market activities, the AUD/USD pair unsuccessful to develop better than anticipated Chinese PMI-led up-move and failed just ahead of the 0.7705 handle.
Decline below 0.7668 level could get expanded towards a strong persistence breakpoint now turned support near 0.7637 area. A follow through selling interest has the potential to pull the pair even beyond the 0.7600 handle, towards its next support near 0.7583 area.
On the other hand, any up-move might carry on to face some fresh supply near the 0.7703 handle, which if cleared might cause a fresh short-covering rally towards yearly tops persistence near mid-0.7703s touched in March.
FOREX market analysis by FxErvin.