AUDUSD turned suddenly low during Fx market activities
11/7/2017 4:12:57 PM
The AUDUSD pair confronted refusal at the 0.7710 handle and turned suddenly lower, eroding part of preceding session's strong recovery gains.
Instant strong support stays near the 0.7653-44 area, which if broken might turn the pair at risk to break below the 0.7607 handle and test its next support close 0.7583-77 zone.
On the upside, the 0.7710 handle stays a key hurdle, which if cleared conclusively could help the pair to exceed 0.7727 intermediate hurdle and head towards testing next persistence near mid-0.7705s.
FOREX market analysis by FxErvin.