Yesterday the AUD/USD traded higher and closed the day in the positive territory around $0.6655. Today it also rose sharply, climbing to $0.6715. On the hourly chart, AUD/USD is testing resistance - the moving average line MA (200) H1 ($0.6635). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the south direction in trading, and while the AUD/USD remains below MA 200 H4, it may be necessary to look for entry points to sell at the end of the correction.
Resistances levels are at: $0.6715, $0.6745, $0.6775-80
Support levels are at: $0.6630, $0.6590, $0.6565
Probably, the main scenario is the resumption of the downward movement to $0.6630 (the low of the American session on Mar 16).
The alternative scenario is consolidation above MA 200 H1 followed by growth to $0.6780 (Mar 1 high).
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