AUD/USD Daily Forecast – 14 March

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Friday, Mar 11 2016

Aussie managed to break above 0.75 handle in the course of the Friday's session, even going all the way to 0.7580 area, from which it is clear that pair is ready to clear resistance at 0.76 handle as well, though it seems a bot overbought at the moment. As for Monday we expect that 0.75 level would now offer some amount of support, as this was previously major resistive area, while break above 0.76 area would lead pair all the way towards 0.7650 handle, where we can expect significant amount resistance.

Long-term looking, now when we have seen daily and weekly closing above 0.75 handle we would be buyers for this pair. We have no interest in selling the pair at the moment.

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