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

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Forex Analysis:::2023-03-01T08:45:37

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

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.

Analyst InstaForex
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