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AUD/USD Weekly Forecast - 23 April - 27 April

Sunday, Apr 22 2018
AUD/USD Weekly Forecast - 23 April - 27 April

Aussie/USD had a good start to the week, temporarily breaching the 0.7810 level. It then crashed all the way below 0.77.

Technical lines from top to bottom:

0.8050 capped the pair in August and also temporarily in January, on its way up. 0.7990 was the high point in February and protects the 0.80 level.

0.7890 worked as support in February and resistance in October. 0.7810 was a swing high in mid-April.

0.7730 capped the pair in early April. 0.7675 served as a line of support in mid-March.

Lower, 0.7640 was a trough in late March. The last line to watch is the round 0.75 level which is where the AUD/USD began its ascent in December.

We remain bearish on AUD/USD

More in this category: « EUR/USD Weekly Forecast - 16 April - 20 April GBP/USD Weekly Forecast - 23 April - 27 April »

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