10:06 AM · 3 March 2022

Chart of the day - AUDUSD (03.03.2022)

AUD/USD
Forex
-
-

War in Ukraine led to big price increases on the commodity markets. While conflict is a big source of uncertainty that should have a negative impact on more risky currencies, like Antipodean currencies, the Australian dollar resists pressure. Australian currency continues to gain against the US dollar as the commodity trade is an important part of the Australian economy and rising coal and iron ore prices are providing support for AUD.

Taking a look at AUDUSD chart, we can see that the pair has recovered almost 5% off the late-January low. The pair reached a mid-term resistance zone in the 0.7315 area this week. Note that this zone is marked not only with previous price reactions but also with a downward trendline.  Breaking above 0.7315 area would improve a technical picture for bulls. However, in order to talk about a trend reversal a break above the upper limit of the Overbalance structure at 0.7415 would be needed.

Source: xStation5

10 October 2025, 6:52 PM

Daily Summary: U.S.-China Tensions Trigger the Sharpest Sell-Off Since “Liberation Day” ✂️

10 October 2025, 1:31 PM

BREAKING: USDCAD slips following Canadian employment data 📌

10 October 2025, 9:29 AM

ECB Not Gearing Up for Changes. Is EURUSD Undervalued?

10 October 2025, 7:04 AM

BREAKING: Norwegian CPI slightly higher than expected

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits