AUD expands its weakness versus USD
3/28/2017 8:27:53 AM
During Forex market, the AUD/USD pair expands its weakness merging stage just ahead of 0.7753 last week.
The spot is well bid and floats around 0.7628 levels, held in 18-pips narrow range among constant decline in copper prices and risk-recovery, as the Asian indices recover from yesterday’s fall.
At 0.7628, the pair finds the immediate support placed at 0.7606. Selling pressure is probable to strengthen below the last, pushing the Aussie to 0.7553 and below that 0.7510. On the other hand, the immediate persistence at 0.7667 above which gains could be expanded to the next obstacle placed 0.7703 and 0.7748.
FOREX market analysis by FxErvin.