AUD USD fluctuate in a slim range in Forex market
5/1/2017 10:31:17 AM
The AUD/USD pair keeps on to fluctuate in a slim range up to now, after having ran into firm persistence just shy of 0.7503 barrier on several occasions.
The Aussie is seen making another attempt to regain 0.7503 handle, despite the greenback regaining traction across the board as the US government looks likely to avoid a financial shutdown.
At 0.7486, the pair finds the immediate persistence at 0.7503 above which gains could be extended to the next obstacle placed 0.7517 and 0.7635. On the other hand, the immediate support is placed at 0.7470. Selling pressure is probable to strengthen below the last, pulling the Aussie to 0.7443 and below that 0.7396.
FOREX market analysis by FxErvin.