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Market Analysis

Home » Charts » Mar. 18, 2015: 0.7850 A Key Hurdle for AUDUSD

Mar. 18, 2015: 0.7850 A Key Hurdle for AUDUSD

Posted by FXTimes in Charts - March 18th, 2015 4:19 am GMT

The AUDUSD was little changed on Wednesday, trading well below 0.77 following last week’s retreat, as the markets consolidated ahead of an important FOMC rate statement.

The AUDUSD was trading at 0.7622 in the Asian session. The outlook is bearish, with 0.7850 proving to be a key resistance. The pair made multiple attempts at that level several weeks ago, but was turned back each time. The AUDUSD is supported at 76 cents.


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