The AUDUSD rose on Monday, and the technical bias is bullish due to higher lows in the recent uptrend.
The AUDUSD is trading near 0.77980, and multiple resistance levels can be seen above, which may prevent the price from rising further.
- Resistance level 1: 0.78500
- Resistance level 2: 0.79000
- Resistance level 3: 0.79900
Below the price, multiple support levels can be found, and it is possible to maintain the price above this level.
- Support level 1: 0.77650
- Support level 2: 0.77290
- Support level 3: 0.76900
In terms of data, investors should pay attention to the Fed’s FOMC meeting starting on Tuesday, and the latest interested rate resolution will be announced on Thursday. At the same time, Australia will release its CPI data for the first quarter of 2021 on Wednesday, and the release of the data may have an impact on prices.
Looking at the current price trend and economic development, it may be a good choice to buy the AUDUSD currency pair near the current level.