AUDUSD recoiled from high in Forex market
1/25/2018 1:16:24 PM
The AUDUSD pair faded a bullish surge to levels beyond the 0.8103 handle and rapidly recoiled around 25-30 pips from over 3-month tops.
A follow over retracement is probable to find support near the 0.8066 area, which if broken could speed up reduction back towards 0.8027 support on the way key 0.8001 psychological mark.
On the positive aspect, the 0.8105 handle might now act as an immediate persistence, above which the pair is probable to dart towards Sept. 2017 highs persistence near the 0.817 area.
FOREX market analysis by FxErvin.