AUD/USD Forecast March 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 March 2016 06:05 UTC
The AUD/USD pair had a fairly volatile session on Monday, but ultimately settled on a relatively negative candle. Because of this, it looks like the markets probably going to have to pullback in order to find enough buyers to increase momentum. The 0.75 level below starts the massive support level that extends all the way down to the 0.74 level, and of course that is a major area where we would look to find supportive candles to start buying. Pay attention to the gold markets, if they go higher that should drive the Aussie dollar higher as well.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.