AUDUSD reached to its lowest level
3/5/2018 8:23:48 AM
Under the influence of Forex market fluctuation, The AUDUSD now trading around mid-0.7711s, traders now anticipate to the release of US ISM non-manufacturing PMI for several new incentive later during the early NA session.
A follow over selling pressure could again reveal 0.7717-25 support area, below which the pair is probable to break below the 0.7705 handle and head towards testing 0.7666-75 strong horizontal support.
On the upside, any recovery efforts might keep on to provoke some fresh supply at the very important 180-day EMA, now near the 0.7785 area, which if cleared might cause a short-covering rebound towards 0.7823 hurdle.
FOREX market analysis by FxErvin.