AUDUSD fell slightly on Thursday. The technical bias is bullish due to higher lows in the recent uptrend.
The AUDUSD is currently trading near 0.77750, and multiple resistance levels can be seen above which may prevent the price from rising.
- Resistance level 1: 0.78300
- Resistance level 2: 0.78800
- Resistance level 3: 0.79200
Below you can find multiple support levels that may help prevent the price from falling.
- Support level 1: 0.77290
- Support level 2: 0.76900
- Support level 3: 0.75900
The United States will announce its March PCE price index today. The PCE price index is an economic indicator used to observe inflation. Higher data will indicate more favorably for the US dollar, so it is negative for the AUDUSD currency pair, and vice versa.
Looking at the current price trends and economic development, it may be a good choice to buy the AUDUSD currency pair near the current level.