Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/NZD

Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/NZD
2021-03-09 03:00:00
Daniel Moss,
Analyst
Australian Dollar, AUD/USD, AUD/JPY, AUD/NZD, IGCS – Talking Points:
AUD/USD consolidating above key supportive shelf.
AUD/JPY inverse Head and Shoulders pattern playing out.
AUD/NZD Double Top reversal still in play.
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As predicted in previous reports, the Australian Dollar has slipped lower against the haven-associated Japanese Yen and US Dollar in recent weeks, while climbing higher against its New Zealand counterparts, as risk appetite across global markets notably faded.
However, these dynamics may prove short-lived and eventually give way to the primary trends established back in March of 2020. Key levels to watch for AUD/USD, AUD/JPY and AUD/NZD rates.

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