AUD USD losing to maintain gains
1/27/2017 7:40:45 AM
According to forex market trading The AUD versus USD unsuccessful to maintain gains and resumed to negative territory in the Asian trades, on the back of increasing USD demand and renewed weakness in oil prices.
Currently, the AUD/USD pair fall -0.11% to fresh session lows of 0.7526, reducing from daily highs got previously at 0.7544. The Aussie held up its tepid-recovery and met fresh supply over the last hour among fresh USD buying,
The pair finds the immediate persistence at 0.7555 above which gains could be expanded to the next hurdle placed 0.7605 and 0.7633. On the other hand, the immediate support placed at 0.7516. Selling pressure is likely to increase below the last, pushing the Aussie to 0.7480 and below that 0.7444.
FOREX Fundamental Analysis by:
FxErvin
