Australian Dollar Forecast: Aussie March Lower- AUD/USD Eyes 2021 Low
2021-03-07 04:00:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels
Australian Dollar technical trade level update - Weekly Chart
AUD/USD reversal looks to challenge 2021 range lows
Aussie key support into 7563– key resistance back at 7836
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The Australian Dollar has plummeted more than 4.8% against the US Dollar off the January highs with the late-February sell-off carrying over into the start of March trade. The reversal off multi-year highs threatens a deeper correction in the weeks ahead – our focus is on a reaction on a test of the yearly range lows just lower. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the close of the year. for an in-depth breakdown of this Aussie technical setup and more.