AUD/USD D1 Technical March 07

AUD/USD is showing mix trend. Bollinger bands are showing sell signals for the pair. Pair is now testing its resistance 1.0290 level and suggested a rebound. If pair manage to break 1.0290 level and H4 candle close above it then pair is likely to move up and target 1.0350-75 respectively.

On the other hand, If h4 candle close below 1.0290 level then it will indicate bearish strength for the pair. Aussies will then continue its bearish strength and target will be 1.0200-1.0150 level respectively.

High impact News can affect the trend of AUD/USD. News like Trade Balance, Unemployment Claims, Bank Stress Test Results.

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