AUD USD reached to be on top in forex market
2/2/2017 9:45:58 AM
The AUD versus USD has reached above 0.7605 handle and climbed to nearly 3 month tops. The pair, though, has go back over few pips from highs and is now trading around 0.7637 band.
A follow through buying interest above 0.7653 level is expected to boost the pair towards 0.7677 intermediate barrier, on the way of 0.7715 handle. In the meantime on the downside, 0.7615 area now becomes immediate support to defend, which if broken could speed up the slip towards 0.7587 support ahead of its next major support near 0.7545 horizontal area.
FOREX market analysis by FxErvin.