AUD USD took some fresh bid
2/22/2017 8:46:09 AM
The AUD/USD pair developed in Forex market Tuesday's rebound several day lows near mid-0.7603s and increased to 0.7715 area, although has recoiled few pips from session peak.
Currently trading around 0.7687 area, the pair took some fresh bids on Wednesday seeking in-line with expected income price data from Australia.
Decline below 0.7677 level might remain to find support near 0.7653 area below which the pair is likely to wish towards 0.7615 important support before finally falling to its next support near 0.7553 area. On the upside, continued momentum above 0.7705 handle could get expanded towards 0.7727 persistence area ahead of Nov. daily closing highs persistence near 0.7758 area.
FOREX market analysis by FxErvin.