AUDUSD slips near 3 month lows
10/2/2017 11:40:54 PM
AUDUSD got a session high near mid-0.7803s and ran over some fresh offers and floated back nearer to 2-1/5 month lows touched last week.
Immediate support stays near the 0.7803 handle, which if broken is probable to speed up the reduction towards 120-day EMA support near the 0.7775-66 area. On the upside, momentum back above 0.7833 level might keep on to provoke fresh supply near mid-0.7803s, above which a bout of short-covering could boost the pair back towards the 0.7895-0.7905 important hurdle.
FOREX market analysis by FxErvin.