FxWirePro: AUD/USD downside pressure builds, key support level in focus

• AUD/USD  slipped lower on Thursday  as mixed signals regarding the Iran conflict left traders cautious..

• Initial optimism about potential de-escalation was tempered by ongoing geopolitical uncertainty, keeping the market skeptical.

• On the data front,  Australia’s goods trade surplus jumped to AUD 5.69 billion in February 2026, up from a revised AUD 2.58 billion in January, surpassing market expectations of a AUD 2.6 billion surplus.

• Exports climbed 4.9% month-on-month to a four-month high of AUD 45.65 billion, rebounding from a revised 1.6% decline in January. Meanwhile, imports fell 3.2% to a seven-month low of AUD 39.96 billion, reversing a revised 1.0% rise in the previous month..

• The AUD’s recent upswing appears to be losing momentum, with the pair likely to drift toward 0.6900 if risk sentiment remains cautious.

•  Immediate resistance is located at 0.6915(50%fib), any close above will push the pair towards 0.7004 (SMA 20).

•  Support is seen at 0.6826 (Lower BB) and break below could take the pair towards 0.6801( 61.8%fib)

Recommendation: Good to sell around 0.6890 with stop loss of 0.6960 , and target price of 0.6800