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AUDUSD TECHS
  • RES 4: 0.7775 Trendline resistance drawn off the Feb 25 high
  • RES 3: 0.7757 High Mar 22
  • RES 2: 0.7699 Low Mar 17
  • RES 1: 0.7664 High Mar 30
  • PRICE: 0.7588 @ 19:53 GMT Mar 30
  • SUP 1: 0.7564/63 Low Feb 2 / Mar 25 and a key support
  • SUP 2: 0.7517 Low Dec 22
  • SUP 3: 0.7462 Low Dec 21
  • SUP 4: 0.7418 23.6% retracement of the Mar 2020 - Feb rally

AUDUSD maintains a bearish tone following last week's sell-off. The move lower last week resulted in a break of support 0.7621, Mar 9 low and a bear trigger. This confirmed a resumption of the bearish cycle that started at 0.8007, Feb 25 high and paves the way for weakness below 0.7564, Feb 2 low. On the upside, key resistance has been established at 0.7849, Mar 18 high. Bearish!

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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