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- AUD / USD tests MA 200 H1 support
AUD / USD tests MA 200 H1 support
On Friday, the AUD/USD pair traded mostly down from $0.7800 to $0.7725, but closed the day in positive territory near the price of $0.7755. Today, since the beginning of trading, the pair rose slightly to $0.7775, but later fell to $0.7720 and is testing the strength of the support-the moving average line MA (200) H1 ($0.7730). On the four-hour chart, the situation is similar. Based on the above, it is probably worth sticking to the north direction in trading and until the pair is fixed below MA (200), you should hiccup the exit points to buy.
Resistances levels are at: $0.7800, $0.7840, $0.7905
Support levels are at: $0.7670, $0.7620, $0.7580
Probably, the main scenario - correction, growth to $0.7800 (March 12 high) and then maybe to $0.7840 (March 2-3 high)
Alternative scenario - continuation of the downward movement to $0.7670 (March 10 low).
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