AUDUSD cash rate is expected to be cut on 3rd of March by 25 bps and the pair will possibly be sold on rallies from fundamental perspective. From technical perspective intraday zones where the pair might react are 7840 zone ( H3, DPP, previous low ,38.2) and in the case of a bigger pullback above 7850 previous breakout point we could see rejection off 7860-70 zone ( H4, 61.8, inner trend line ). The pair should target 7775 and 7740.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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