AUD USD sank in a gloomy trade
5/24/2017 5:44:53 PM
The AUD/USD pair is seen expanding its withdrawal from multi week tops of 0.7523, and now appears to test 0.7403 handle among gloomy fundamentals.
At 0.7447, the immediate support is placed at 0.7405. Selling pressure is probable to strengthen below the last, pulling the Aussie to 0.7386 and below that 0.7353. On the other hand, the pair finds the immediate persistence at 0.7464 above which gains could be expanded to the next hurdle placed 0.7497 and 0.7527.
FOREX market analysis by FxErvin.