AUD/USD D1 Technical March 08

Aussies is trading in a small range of 1.0290-1.0150 level. Pair is expecting to test its resistance 1.0290 level and suggested a decline. However, if AUD/USD manage to break 1.0290 level and H4 candle close above it then pair will further move up.

Bollinger bands are providing sell signals for the pair. Price action on 1.0290 level should be carefully watch, If H4 candle fails to close above 1.0290 level, then it will indicate bearish strength for the pair and pair will then target 1.0200-01950 level respectively.

High impact News can change the scenario. News like Non-Farm Employment Change, Unemployment Rate.

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