AUD/USD Is Capped By a Declining Trendline — Forecast

In this video, the Trading Central looks at the currency pair AUD/USD for the March 24th session.

AUD/USD — Looking at the intraday 30-min chart, the pair remains capped by the declining trendline, in place since last Wednesday. It remains also capped by the declining 50-period Moving Average. Also, the RSI indicator is capped by the declining trendline, in place since last Tuesday. Further weakness is also expected below the strong horizontal ressistance at 0.7650. The first target is set at 0.7600 and the next target at 0.7570.

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