AUD USD Trying to hold above the handle
5/12/2017 1:16:20 PM
The AUD/USD pair is gotten expanding its bullish momentum into a 4rd day this Friday, with the bulls now looking a test of 0.7405 handle, in spite of modest risk-aversion.
At 0.7383, the pair finds the immediate persistence at 0.7403 above which gains could be expanded to the next hurdle placed 0.7422 and 0.7460. On the other hand, 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.
FOREX market analysis by FxErvin.