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AUD/USD forecast for the week of March 27, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Mar 25, 2017, 05:35 UTC

The AUD/USD pair rallied initially during the week, testing the 0.7750 level. That’s an area that cause quite a bit of resistance, and with this being the

AUD/USD weekly chart, March 27, 2017

The AUD/USD pair rallied initially during the week, testing the 0.7750 level. That’s an area that cause quite a bit of resistance, and with this being the case I believe that the sellers may try to push this market lower. However, if we break above the vital 0.7750 level, the Australian dollar could go much higher. Markets of course will have an influence on this pair as they typically do, and I expect to see a massive amount of support near the 0.75 level underneath as it has been reliable in the past.

AUD/USD Video 27.3.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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