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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

AUDUSD 10.03.2021

Technical Analysis
Wednesday, March 10, 2021 - 11:38
Point Trader Group
AUDUSD 10.03.2021

Overview:

Prices are moving in a short term downtrend

Expected:

The pair is trading below a strong resistance level around 0.7725, which enhances the downside chances during the day's trading to 0.7669

Alternative Scenario: 

On the other hand, we think that if the 0.7725 level is broken to the upside, this pair may push further up to 0.7760.

 

Resistance0.77170.77250.7760
Support0.76690.76240.7600

 

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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