AUD/USD Outlook (24 March 2020)

Dólar Australiano/Dólar Americano (FX:AUDUSD)

FX:AUDUSD Dólar Australiano/Dólar Americano

trendanalysis forex macro technical trend audusd

Overall, AUD/USD is trending downwards. Recently, AUD/USD moved higher, breaking the resistance level of 0.58800.
G7 meetings will be held today in discussion of the economic impact of the coronavirus pandemic. During this time, volatility is expected.
AUD/USD’s next support level is at 0.58800 and the next resistance level is at 0.60700.
Stay out of AUD/USD for now.

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