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 LevelsResistance levels: $0.7800, $0.7725, $0.7650Support Levels: $0.7557, $0.7461, $0.7414AUDUSD […]
Key Resistance Levels: 0.8000, 0.8100, 0.8200Key Support Levels: 0.7700, 0.7600, 0.7500 AUD/USD Price Long-term Trend: BullishThe AUD/USD pair is in an uptrend. The uptrend is facing resistance at level 0.8000. On February 25 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the price will rise to level 2.618 […]
Key Support: 0.7796 Key Resistance: 0.7850 – 0.7900 Mid Term View The AUD has rallied 14.6% against the USD from the lows printed in October 2020, then it pulled back 4.80% from the highs in February 2021 to retest the 0.7650 level. The long term view here is bullish. 1H Chart Analysis Yesterday the AUDUSD […]
Key Support: 0.7720 Key Resistance: 0.7900 Long Term View Bullish, extremely bullish. The Aussie is the one of the currencies that has outperformed the US Dollar since the pandemic back in March 2020. The rally we have seen since November is a massive 100 pip run (+14.5%). 1H Chart Analysis The move from the highs […]
