AUDUSD Insight

70
Hello, subscribers! Great to see you all.
Please share your personal opinions in the comments. Don’t forget to like and subscribe!

Key Points
- The German Bundestag passed a constitutional amendment by 513 votes in favor and 207 against, allowing the establishment of a €500 billion special infrastructure fund and easing debt limits.
- U.S. President Donald Trump and Russian President Vladimir Putin agreed to a partial ceasefire, suspending attacks on energy and infrastructure facilities in Ukraine for 30 days.
- With the FOMC meeting taking place, the market's focus is not on the interest rate decision itself but on economic projections, changes in the dot plot, and any signals regarding the end of quantitative tightening (QT).

This Week’s Major Economic Events
+ March 19: Bank of Japan interest rate decision, Eurozone February CPI, FOMC meeting results
+ March 20: Bank of England interest rate decision

AUDUSD Chart Analysis
After previously finding support at the 0.62000 level, AUD/USD is once again attempting to break through resistance at 0.64000. If it successfully breaks above this resistance, the pair may rise toward 0.66000. Conversely, failure to break through could lead to a decline toward 0.60000.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.