AUD USD slightly progressive on Forex Market
3/8/2017 2:59:38 PM
The AUD/USD pair traded with slight positive bias for the 2nd direct session but stayed stop below the 0.7603 handle.
Constant momentum above 0.7603 handle might keep on to provoke persistence near 0.7627 level, above which the recovery move is probable to speed up towards 0.7677 persistence area ahead of 0.7715 round figure mark.
On the downside, 0.7573 level is probable to protect immediate downside, which if broken now appears to pull the pair below 45-day SMA support near 0.7553 level towards testing the very important 150-day SMA support near 0.7523 area.
FOREX market analysis by FxErvin.