AUD USD Trading News in Forex market 3
8/28/2017 7:54:04 PM
During Forex market activities, the AUD/USD pair was seen improving Friday's up-move but stayed stopped below an important supply zone in the area of mid-0.7903s.
On a constant break over 0.7866-75 supply zone, the pair is probable to aim towards reclaiming the key 0.8005 psychological mark before finally rushing towards its next major hurdle near 0.8034-45 zone.
In the meantime, on the downside, any recoil below 0.7927 level now appears to find fresh buying interest near the 0.7910 handle, which if broken might cause a near-term corrective slide and drag the pair below 0.7863 intermediate level towards testing 80-day EMA support near the 0.7816 area.
FOREX market analysis by FxErvin.