AUDUSD Bounced back to high during Forex market
12/18/2017 2:26:31 PM
According the FX market activities, the AUDUSD pair reclaimed several new traction and has now recovered Friday’s retracement slide from over 1.5-month tops.
A follow-over buying interest further 0.7677 level has the possible to boost the pair back near the 0.7697, above which the up move could more get expanded towards 0.7733 persistence.
On the other hand, retracement back below 0.7644-37 immediate support might cause some further profit taking back towards the 0.7605 handle on the way 0.7587-75 support area.
FOREX market analysis by FxErvin.