AUD/USD drops to test 200-hour MA on firmer dollar

March 16, 2021

The US dollar is keeping firmer during the early session. So, that is putting the AUD/USD pair under pressure. The pair drops to test its 200-hour moving average again. The near-term level is seen @ 0.7724 today.

Keep over that level, the near-term bias remains neutral. However, break under and the bias will turn bearish.

In the previous days, AUD/USD has been keeping in a tight trading range. The key hourly moving averages help to restrict the downside momentum.

Overall, market players await the US monthly Retail Sales data for some fresh impetus.

AUD/USD DROPS TO TEST 200-HOUR MA ON FIRMER DOLLARhttps://t.co/4avyVxpV9O https://t.co/hjw6Kg1szU #forex #forexsignals #bestforexsignals #liveforexsignals #freeforexsignals #forextrading #forexonline #forexnews #forexaudusd pic.twitter.com/2PJ2jE53kG

— 360ForexSignals.com (@petromenea) March 16, 2021