AUD/USD declined on Monday as hefty gains last week left the currency pair in overbought condition.
- The pair slipped from 0.7616 levels to hit low at 0.7590 before recovering to trade at 0.7608 in the US session.
- Further upside is expected to be limited as the pair finds strong resistance at 0.7176 which should limit upside and bring a decline towards lower levels.
- To the upside, the strong resistance can be seen at 0.7659, a break above this level would take the pair towards next resistance level at 0.7700.
- To the downside immediate support can be seen at 0.7566, a break below this level will open the door towards next level at 0.7528.
Resistance Levels
R1: 0.7627 (Daily high)
R2: 0.7659 (March 18th high)
R3: 0.7700 (23.6% Retracement level)
Support Levels
S1: 0.7566 (38.2% Retracement level)
S2: 0.7528 (50% Retracement level)
S3: 0.7500 (Psychological levels)


FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom 



