Mar 24, 2020
AUD/USD Asia Price Forecast: Aussie rebounds from 13-year’s lows, challenges 0.6000 big figure
- AUD/USD is benefiting from the uptick and gold, USD weakness and the better market mood.
- The level to beat for bulls is the 0.6000 big figure.
AUD/USD daily chart
The aussie is rebounding from 13-year’s lows as the uptick in gold, relative USD weakness and the better stock market mood is helping AUD/USD picking up some steam. The correction could accelerate further especially on a break above the 0.6000 handle en route towards 0.6300 and potentially 0.6500 if the bears don’t decide to step in before. Support can be seen near 0.5800, 0.5700 and 0.5500 price levels.
Additional key levels