AUDUSD attempting not to be low during FX market
10/27/2017 7:45:10 AM
The AUDUSD pair expanded its latest descending path and fell to fresh 3-4 month lows on Friday. At present trading around 0.7638 region.
Declines under 0.7624 level is probable to find support near the 0.7603 handle, which if broken is probable to speed up the drop towards 0.7577 horizontal support on the way 0.7533-25 support area.
On the positive aspect, any recovery efforts beyond 0.7653-65 hurdle could get expanded, now took strong persistence near the 0.7694-0.7710 area.
FOREX market analysis by FxErvin.