AUDUSD Stayed at risk according to Forex market
9/28/2017 10:55:29 PM
AUDUSD pair, achieved to find some support near the 0.7803 handle and bounce back few pips from lows to currently trade around the 0.7824-35 area.
Bears would be eyeing for a break over the 0.7803 handle, below which the pair is probable to speed up the slide towards 120-day EMA support near the 0.7766 area. On the upside, any recovery efforts might now provoke immediate persistence near mid-0.7803s, which if cleared might cause a short-covering bounce towards 0.7887 level ahead of the 0.7905 handle.
FOREX market analysis by FxErvin.