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Trader Journals:::2026-03-29T11:22:50

AUD/USD

AUD/USD, Sunday, March 29, 2026

AUD/USD

The major currency pair AUD/USD appears to be moving in a strong bearish wave this week, creating a new lower at the price of 0.68674 supported by the strengthening of the USD Index. On the H4 timeframe, candles are seen swinging downwards, moving away from the dynamic resistance line crossover of the orange EMA200, blue EMA21, and purple EMA50. Meanwhile, the CCI14 indicator seems to be starting to move upwards, leaving the oversold area. In general, choosing to trade BUY AUD/USD for Monday would be a profitable option, by placing a stop loss at the support area of 0.68500 and a take profit target at the EMA21 resistance area at the price of 0.69300.
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