The erratic Tuesday activity to push above .7914 has signaled a more bullish shift to aim still higher into latter March (and early April), though we see an erratic tone in the very near term.
For Today: We see a neutral tone between .7839 and .7910 (but with a negative bias).
- Break above .7910 aims for .7939.
- Break below .7839 aims for .7800, maybe .7764/63.
Short-term Outlook - Upside Risks:
- We now see a more positive tone with the bullish threat to the new rebound peak at .7939.
- Above here targets .8027 and .8235/ 8296 chart and retrace levels.
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2 Hour AUDUSD Chart