AUD USD was limited in 15 pips slim trading
6/12/2017 1:34:23 PM
During Forex market activities, the AUD/USD pair fluctuated between tepid gains/slight losses and was limited in 13-pips slim trading range above the 0.7503 psychological mark and now located at session tops near 0.7537 area.
Immediate persistence is fixed near 0.7543 area, nearing the very important 180-day EMA, above which a fresh effort of short-covering has the possible to boost the pair towards 0.7586 horizontal persistence ahead of the 0.7605 round figure mark.
On the downside, continued decline below 0.7523 level is probable to speed up the slide more towards the 0.7503 handle before the pair finally drops to testing 0.7467 horizontal support.
FOREX market analysis by FxErvin.