The subsequent assembly of the RBA shall be held early subsequent month. If the worldwide inventory and commodity markets don’t expertise one other collapse, then, most probably, earlier than this assembly (March 5), the AUD/USD pair will stay buying and selling within the bull market zone, above the important thing help ranges of 0.7315, 0.7295. If the US greenback weakens, the pair AUD/USD could attempt to re-test the native resistance stage of 0.7440.
In an alternate state of affairs, we count on the AUD/USD to say no once more, and the primary sign for this shall be a breakdown of the short-term help stage of 0.7337.
Help ranges: 0.7337 0.7315 0.7295 0.7270 0.7244 0.7175 0.7161 0.7100 0.7085 0.7037 0.7000 0.6970 0.6900 0.6800 0.6455
Resistance ranges: 0.7408, 0.7440, 0.7510, 0.7555, 0.7610, 0.7730, 0.7775, 0.7815, 0.7900, 0.8000
See additionally – > Buying and selling suggestions
*) probably the most up-to-date “scorching” analytics and buying and selling suggestions (together with entries into trades “by-the-market”) – -> Telegram
**) Get no deposit StartUp bonus as much as 1500.00 USD
