AUD USD Trading News in Forex market 2
8/3/2017 12:06:53 PM
According to Forex market the AUD/USD pair came under slight new selling pressure and moved to a week low level of 0.7916.
Instant support is fixed near the 0.79010-0.7915 area, below which the corrective slide could get expanded towards 0.7877 strong horizontal support. A follow through decline would turn the pair at risk to head back towards testing 0.7833 horizontal level.
On the other hand, any up-move back above 0.7931 level might now provoke fresh supply near the 0.7968 area, above which the pair is probable to make a fresh effort to move back above the key 0.8003 psychological mark.
FOREX market analysis by FxErvin.