AUD USD dropped after some great movements
11/29/2016 8:25:37 AM
The AUD/USD pair dropped for the first in 4 days this Tuesday.
Currently, the AUD/USD pair fell -0.20% to 0.7465, floating within a significant distance of daily lows struck at 0.7460 in the last hour. The AUD is seen retracing a part of the recent rally against the USD in the Asian session, dropping the rate more below 0.75 handle.
The pair finds the immediate persistence at 0.7505 above which gains could be expanded to the next hurdle placed 0.7545 and 0.7570. On the other hand, the immediate support placed 0.7450. Selling pressure is likely to increase below the last, dragging the Aussie to 0.7410 and below that at 0.7360.
Fundamental Analysis
Written by FxErvin
