Australian Dollar Outlook: AUD/USD Break Tests First Aussie Hurdle
2021-03-09 18:30:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: Near-term Trade Levels
Australian Dollar technical trade level update – Daily & Intraday Charts
AUD/USD correction testing first major technical support- risk for near-term price inflection
Near-term support objectives 7618, 7523 Key - Resistance into 7800/36
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The Australian Dollar is virtually unchanged against the US Dollar for the week after rebounding off key support. While the recovery may yet have another leg, the broader risk remains tilted to the downside while below the monthly range highs. These are the updated targets and invalidation levels that matter on the AUD/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Aussie setup and more.