AUD USD moving toward advance in Forex market
3/16/2017 9:33:15 AM
The AUD/USD pair preserved to unsatisfactory Australian jobs data-led weakness, although has managed to recoil few pips from lows and is now trading back closer to the 0.7705 handle.
Bulls would be gazing a move above several week highs persistence near 0.7717 level, above which the pair is probable to goal towards yearly highs near 0.7738 area ahead of Nov. 2016 highs persistence near 0.7777 area.
On the other hand, a follow through retracement below session lows support near 0.7673 level is probable to speed up the slide to mid-0.7605s before the pair finally drops back to 0.7620 important horizontal support.
FOREX market analysis by FxErvin.