Mar
14

AUD/USD H4 Technical March 14

The positive News of Employment Change and Unemployment Rate give  boost to Aussies and it targeted up to 75 pips. Currently  AUD is testing its resistance at 1.0375 level. If pair manage to break 1.0375 level and H4 candle close above this level then AUD/USD is expecting to move further towards north.

On the contrary, If H4 candle fails to close above resistance level 1.0375. It will indicate bearish strength for the pair and Aussies will then again move towards south and target 1.0300 level.

High impact News can change the scenario. News like PPI m/m, Unemployment Claims.

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