AUDUSD tries to find a stable direction in Forex market
3/8/2018 7:17:59 AM
The AUDUSD pair tried for a stable direction and oscillated between tepid gains/slight losses but traded near 0.7838 area.
Bulls would be eyeing for a clear advance 0.7838 level, above which the pair appears all set to exceed 0.7870-77 supply zone and head towards regaining the 0.7903 handle.
On the other hand, the 0.7811 handle is probable to defend the immediate weakness, which if broken could speed up the drop back towards mid-0.7710s on the way 0.7720-10 strong support.
FOREX market analysis by FxErvin.