AUD USD Trading News according to Fx market
3/30/2017 8:37:53 AM
According to Fx market The AUD/USD pair confronted slight pressure and now trading around 0.7653 area.
A follow over retracement below mid-0.7605s could get expanded back near 45-day SMA support near 0.7633 area, which if broken would turn the pair at risk to conclusively break below the 0.7605 handle and head towards testing the very significant 180-day SMA support near 0.7553 area.
On the upside, 0.7677 area now appears to have arisen as immediate persistence, above which a fresh bout of short-covering is probable to help the pair back towards regaining the 0.7705 handle and improve it additional towards its next major hurdle near 0.7733 level.
FOREX market analysis by FxErvin.