AUD USD walking through the highs in Forex market
4/13/2017 11:01:58 AM
During Forex market activities, AUDUSD having merged around 0.7505 handle up to now, the AUD/USD pair ultimately broke higher on Thursday, with the bulls now pushing the rate to fresh weekly highs just shy of 0.7605 handle.
At 0.7588, the pair finds the immediate persistence at 0.7627 above which gains could be expanded to the next hurdle placed 0.7657 and 0.7683. On the other hand, the immediate support placed at 0.7542. Selling pressure is probable to strengthen below the last, pulling the Aussie to 0.7507 and below that 0.7477.
FOREX market analysis by FxErvin.