AUD USD jumped to higher level
9/28/2016 1:04:29 PM
Expanding its bullish trajectory for the third successive day, the AUD/USD pair has jumped to a fresh session high and now seems to make a fresh effort towards regaining 0.7700 handle.
Currently trading around 0.7685 region, the pair on Tuesday faced rejection from just below 0.7700 handle on the back of stronger than predicted release of US consumer confidence data and hawkish comments from Federal Reserve Vice Chairman Stanley Fischer.
From current levels, 0.7700 handle stays immediate persistence, which if conquered should help the pair to carry on scaling higher and head towards retesting August monthly high persistence near 0.7755 region.
In the meantime on the downside, weakness below session low support near 0.7665 level now appears to find support near 0.7640, which if broken is likely to speed up the slide towards 0.7600 strong horizontal support.
Fundamental Analysis
by https://www.fxervin.com
