AUD USD weekly : next target 0.8120 support 0.7550

aud usd forex technical analysis for 21 to 25 march 2016

aud usd forex technical analysis for 21 to 25 march 2016

Aussie dollar forex pair this week closed with gain. This was third gaining week for Aussie dollar. Strong recovery rally was seen on short covering as well as value buying. Though trend is still down for aud, but recovery momentum is strong and this week we seen breakout and closing above 0.7550 resistance.   Next resistance as well as target zones will be at 0.8120. On downside 0.7550 and then 0.74 are support zones as well as stop loss levels for buyers.

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