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Testing Support

AUDUSD TECHS
  • RES 4: 0.8044 High Feb 2, 2018
  • RES 3: 0.8007 High Feb 25 and the bull trigger
  • RES 2: 0.7916 76.4% retracement of the Feb 25 - Mar 9 low
  • RES 1: 0.7849/60 High Mar 18 / 61.8% of the Feb 25 - Mar 9 low
  • PRICE: 0.7753 @ 17:33 GMT Mar 22
  • SUP 1: 0.7691 Low Mar 22
  • SUP 2: 0.7669 Low Mar 10
  • SUP 3: 0.7621 Low Mar 9 and the bear trigger
  • SUP 4: 0.7583 Low Feb 5

AUDUSD found resistance last week at 0.7849, Mar 18 high This level marks an important S/T bull trigger where a break is required to resume the recent bullish cycle and suggest scope for an extension higher. This would open 0.7860, a Fibonacci retracement and beyond. On the downside, support 0.7699, Mar 17 low has been probed today. A break would expose the key support and bear trigger at 0.7621, Mar 9 low.

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