AUD Fell to weekly lows versus USD in Forex market
6/21/2017 3:23:33 PM
The AUD/USD pair stayed under some selling pressure for the 3rd sequential day and has now fell to weekly lows near 0.7557 area.
From current levels, 0.7544 area is probable to act as immediate support and is closely followed by the very important 180-day EMA support near 0.7528 area. A considerable break below the mentioned supports, is probable to turn the pair at risk to break below the key 0.7503 psychological mark and head towards testing its next support near 0.7466 area.
On the upside, 0.7593 area now becomes immediate persistence to clear, above which the pair is probable to make a fresh effort towards retesting the 0.7637 important hurdle.
FOREX market analysis by FxErvin.