AUD/USD: With weak fundamentals from Australia and strong

Tian Kriek

Analyst


March 25, 2019 08:21 AM

BEARISH

Daily Trading Range:
AUD/USD: With weak fundamentals from Australia and strong fundamentals from the US I expect the AUDUSD to continue bearish to roundabout 0.6900 which is the Daily down Sub D extension. I plan to buy at roundabout 0.6900 regardless if the market has broken the daily down trend line or not

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7750
Resistance 2: 0.8460
Resistance 1: 0.8530
Current Price 0.7103
Support 1: 0.7050
Support 2: 0.7000
Support 3: 0.6950

Two Hour Chart

Two Hour Chart