AUD USD trying to increase more
12/20/2016 11:42:30 AM
According to Forex market The Australia preserves its bid tone against the USD in the early European morning, keeping AUD/USD in close vicinity to daily peaks.
At present, the AUD/USD pair trades almost higher at 0.7255, trying to increase above hard persistence located near 0.7265 region. The Aussie stays better bid among revival of demand for higher-yielding currencies such as the AUD, especially after yesterday’s shootout in Ankara, where a Russian ambassador was shot dead, caused risk-aversion across the financial markets.
The pair finds the immediate persistence at 0.7295 above which gains could be expanded to the next obstacle placed 0.7340 and 0.7373. On the other hand, the immediate support placed 0.7235. Selling pressure is probable to strengthen below the last, dragging the Aussie to 0.7216 and below that at 0.7210.
FOREX Fundamental Analysis
Written by FxErvin