AUDUSD Keep on advancing in Forex market
2/16/2018 10:13:34 AM
The AUDUSD pair kept on achieving some positive traction and is now located at new two week tops, around the 0.7977-85 area.
A clear advance has the possibility to keep on improving the pair additional towards 0.8055-60 supply zone on the way 0.8103 handle. On the other hand, immediate support is now fixed near mid-0.7905s, below which the pair could slip back below the 0.7905 handle towards testing 0.7877-65 strong horizontal support.
FOREX market analysis by FxErvin.