AUDUSD jumped to high in Forex market
3/16/2018 6:08:32 PM
The AUDUSD pair improved early lost ground to fresh weekly lows and is now trying to develop its momentum beyond the 0.7811 handle.
A follow over up-move is probable to provoke immediate persistence near the 0.7817 area, above which the pair appears all set to extend the momentum towards 0.7878 supply zone. On the other hand, 0.7773 level might keep on to lend immediate support, which if broken is probable to speed up the reduction towards 0.7736-45 support on the way 0.7703 handle.
FOREX market analysis by FxErvin.