FX.co - AUD/USD Update for March 01, 2023 - Potential for the downside continuation

2023-03-01T08:45:37

Relevance until2023-03-02

Technical analysis:

AUD/USD Update for March 01, 2023 - Potential for the downside continuation

AUD/USD has been trading upside this morning but I found the test of the key resistance zone at $0.6760.

I see potential for the downside rotation towards lower reference.

Downside rotation is possible towards lower end of the trading range.

Downside objective is set at the price of 0.6700

Longer time-frame trend is still downside.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ AUD/USD Update for March 01, 2023 - Potential for the downside continuation