AUD/USD Daily Forecast - 28 March

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Friday, Mar 25 2016

It was a steadier Friday's trade for Aussie, with Good Friday holiday and without any major data releases, so pair was traded in a tighter range within 30 points, with resistance around 0.7540 level and support at 0.75 handle. As for Monday, we can expect another less volatile session since it is Easter Monday, so any type of supportive candles around 0.7480 and 0.7450 handle in extension would be short-term buying signal, while resistive candles around 0.7550 and 0.7580 level would offer short-term selling opportunity.

In long-term trends we would be buyers for this pair with initial target set at 0.78 handle. Selling is not an option at the moment as we see 0.74 handle as being floor for this market.

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