AUD located at session highs versus USD in Forex market
6/8/2017 1:59:22 PM
The AUD/USD pair reclaimed traction and is now located at session tops near mid-0.7505s.
Bulls would be eyeing for a conclusive break through 0.7567 area, above which the pair appears all set to exceed the 0.7603 handle and head towards testing 0.7617 persistence area. On the other hand, retracement back below 0.7527 level now appears to find strong buying interest near the 0.7504 handle and therefore, any follow through retracement now appears to be restricted at 45-day EMA, persistence turned support, near 0.7483 area.
FOREX market analysis by FxErvin.