AUD USD Trading News May 09
5/9/2017 12:10:16 PM
The AUD/USD pair is seen hit at 0.7357 last hour, as the AUD bears stay in absolute control on the back of an unpredicted contraction seen in the Australian retail sales data.
At 0.7363, the immediate support is placed at 0.7305. Selling pressure is probable to strengthen below the last, dragging the Aussie to 0.7286 and below that 0.7253. On the other hand, the pair finds the immediate persistence at 0.7403 above which gains could be expanded to the next hurdle placed 0.7447 and 0.7491.
FOREX market analysis by FxErvin.