Mar
21

AUD/USD D1 Technical March 21

Yesterday Aussies move up in late session and target 1.0400 level but didn’t manage to overcome physical level. So now pair is trading at 1.0365 level and pair is expecting to further move down and target 1.0330 level which is daily support.

Price action on this level should be watch. If pair manage to hold 1.0330 level and get bounces on this level that will indicate bullish strength and pair will start moving upward. On the other hand, break of 1.0330 level will allow AUD/USD to dropped further southward and target 1.0290 level.

High impact News of USD can affect the trend of AUD/USD. News like Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

 

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