AUD/USD is predicted to keep the side-line theme unchanged between 0.7740 and 0.7900 in the short-term, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Our expectation for AUD to ‘test 0.7860 first before a pullback can be expected’ did not materialize as it eased off after touching 0.7839. The underlying tone has weakened and while AUD could dip below 0.7740, it may not be able to maintain a foothold below this level. Next support is at 0.7720. Resistance is at 0.7800 followed by 0.7825.” Next 1-3 weeks: “There is not much to add to our update from yesterday (03 Mar, spot at 0.7830). As highlighted, AUD is likely to trade between 0.7740 and 0.7900 for now. While shorter-term downward momentum has improved a tad, AUD has close below 0.7720 before a break of last week’s low near 0.7695 can be expected. The prospect for such a move is not high for now.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Gold, stocks suffer as yields, dollar hold ground ahead of Fed Powell’s critical speech FX Street 1 year AUD/USD is predicted to keep the side-line theme unchanged between 0.7740 and 0.7900 in the short-term, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: "Our expectation for AUD to 'test 0.7860 first before a pullback can be expected' did not materialize as it eased off after touching 0.7839. The underlying tone has weakened and while AUD could dip below 0.7740, it may not be able to maintain a foothold below this level. Next support is at 0.7720. Resistance is at 0.7800 followed by 0.7825." Next 1-3 weeks: "There is not much to add to our update from yesterday… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
