AUD USD Improving its strong point in Forex
9/18/2017 11:34:37 AM
The AUD/USD pair increased several new purchase and was now improving its strong point over the key 0.8006 psychological mark.
Shorter term, the increasing potential is restricted, given that the price is unable to clearly break above a bearish 30 EMA, whereas technical indicators show little directional strength within impartial territory. Some follow-through beyond 0.8037, the immediate persistence and Friday's high is needed to confirm a new leg higher, with scope them to retest the 0.8110 level.
FOREX market analysis by FxErvin.