Daily Forecast - 05 March 2015

AUDUSD

AUDUSD

AUDUSD holding above 7820/25 should target 7844/7748. A break above yesterday's high at 7759 then targets 7875 & perhaps as far as strong resistance at February highs at 7902/12.

First support at 7805/00 but below here risks a slide to better support at 7782/77. A bounce from here possible but if we continue lower look for the 2 week low at 7748/36. Further losses this week target 7720/15 & 7695/90.

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