Australian Dollar Technical Forecast: AUD/USD, AUD/JPY Key Levels
2021-02-28 05:00:00
Daniel Moss,
Analyst
Australian Dollar Technical Forecast: Mixed
AUD/USD eyeing a test of support at the 55-EMA after slicing through the Pitchfork median line.
AUD/JPY rates attempting to consolidate above the 61.8% Fibonacci.
Although the long-term technical outlook for the Australian Dollar remains skewed to the topside, recent developments suggest that the commodity-sensitive currency could lose ground in the coming days against its haven-associated counterparts. Key levels to watch for AUD/USD and AUD/JPY rates.
AUD/USD Monthly Chart – Cyclical Upturn at Hand
AUD/USD monthly chart created using Tradingview