Amid Weaker Greenback, AUDUSD Registers Short-Covering Rebound

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


AUDUSD Price Analysis – March 25

Early in the session on Thursday, the AUDUSD pair recovered after plunging to lows of $0.7578 level, however on a short-covering rebound on the pair is erasing much of the overnight losses after hitting its lowest since early February.

Key Levels
Resistance levels: $0.7800, $0.7725, $0.7650
Support Levels: $0.7557, $0.7461, $0.7414

AUDUSD Long term Trend: Ranging
The exchange rate is currently in a rebound at $0.7578 in an attempt to surpass the prior day’s high. AUDUSD may be poised for a breakout towards the MA 50 at the $0.7650 level. If the breakout emerges a surge to the 0.8000 level within this session may be anticipated. If the downward pressure holds though, bearish traders are likely to hit the next horizontal support line at 0.7461 level at oversold conditions of the RSI.

Meanwhile, an increased rally past the horizontal resistance level upside (now at 0.7650) may be seen. It might stay the optimal scenario given that it remains beyond the ascending trendline support (now at 0.7578). Continuous trading below the 0.7600 marks, though, may shift the emphasis back to a low level beneath 0.7578 afterward.
AUDUSD Short term Trend: Bearish
On the 4-hour timeframe, AUDUSD is actively reversing its downside movement from 0.7578 after a rebound. The pair was last traded in the 0.7600 area, practically unchanged over the day. A break above the MA 13 at 0.7620 is expected, followed by a return above the 0.7650 level.

Breaking the AUDUSD level of 0.7650 will suggests renewed growth from the level of 0.7578. The intraday trend is growing again. And the next target is the long-term level of 0.7800. On the other hand, a dip below the minor support level of 0.7557 could change the bearish bias and trigger sideways trading.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *