Created
: 2025.03.18
2025.03.18 05:38
The AUD/USD pair surged higher on Monday, benefiting from improved risk sentiment following China's monetary stimulus measures. The Australian Dollar strengthened broadly as investors reacted positively to the prospect of increased liquidity in the Chinese economy. Meanwhile, traders are turning their attention to upcoming events, including the Federal Reserve's (Fed) policy decision and Australia's employment data for February, which could provide further direction for AUD/USD.
The AUD/USD rose on Monday, reaching the 0.6390 region during the American session, marking its strongest performance in over a week. The pair gained momentum as technical indicators turned decisively bullish with key levels being breached.
The Moving Average Convergence Divergence (MACD) indicator printed a fresh green bar, signaling renewed upside pressure. Meanwhile, the Relative Strength Index (RSI) climbed to 63, entering a strong bullish zone and confirming rising buying interest.
AUD/USD has surged above both the 20-day and 100-day Simple Moving Averages (SMA), reinforcing a positive outlook. If upside momentum persists, the next resistance lies near 0.6420, while initial support is seen around 0.6320 in case of a pullback.
Created
: 2025.03.18
Last updated
: 2025.03.18
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