AUD USD cannot breath well in Forex market
3/14/2017 10:58:10 AM
According to Forex market activities, the AUD/USD pair broke 2 days of regaining move and floating around 0.7545 area, testing session lows, the pair came under some renewed selling pressure.
Immediate support on the downside is fixed at the very important 180-day SMA near 0.7537 area, below which the pair is probable to speed up the slide towards the key 0.7505 psychological mark before finally felling to its next support near 0.7477 level.
On the upside, 45-day SMA near 0.7577 area is probable to act as immediate obstacle, which if cleared appears to boost the pair beyond 0.7603 handle towards its next persistence near 0.7633 area.
FOREX market analysis by FxErvin.