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AUD/USD key 0.7840/50 zone still in play

Source: Thomson Reuters AUD/USD key 0.7840/50 zone still in play, dips becoming more shallow Stops noted >0.7850, if run March high & daily cloud top in play Break of tech support ~0.7735/65 & key 0.7675/80 zone needed f…

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AUD/USD key 0.7840/50 zone still in play
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Source: Thomson Reuters


  • AUD/USD key 0.7840/50 zone still in play, dips becoming more shallow

  • Stops noted >0.7850, if run March high & daily cloud top in play

  • Break of tech support ~0.7735/65 & key 0.7675/80 zone needed for bears to take control

  • Pair eyes 2015 low below -0.7675 eyes 

  • Dip buyers supported by spreads at recent wides, bullish long-term RSI & firm copper & iro-ore 

  • RBA's Stevens on wires tonight, likely to be dovish so rallies to be tempered

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