AUD/USD Daily Forecast - 21 March

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Tuesday, Mar 20 2018

AUD/USD Daily Forecast - 21 March

Aussie continued its decline in the course of the yesterday's session and was pushed further lower after dovish RBA Minutes going all the way to below 0.77 handle by the end of the session. As for tomorrow, focus will be on FOMC interest rate decision and the following press conference. Pair is likely to find support around 0.7650 and 0.76 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.7750 handle.

Long-term looking, buying is not an option after this pullback, however we expect plenty of support on the way towards 0.75 handle.

More in this category: « EUR/USD Daily Forecast - 16 March GBP/USD Daily Forecast - 21 March »

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