AUD/USD Outlook (19th March 2019)

• AUD/USD testing key level
  
• Declined housing prices
  

Price Movement
Since yesterday, AUD/USD has been moving indecisively within a 40pips range.

Trend
Overall, AUD/USD is trending downwards.

Important Issue
This morning at 0830 (SGT), the Royal Bank of Australia released the Monetary Policy Meetings Minutes, stating that “The available data indicated that established housing prices in Sydney, Melbourne and Perth had declined further since the beginning of 2019”.

Technical
AUD/USD is currently testing the 0.71 key level.

Price Levels
Current Price: 0.71094
Next Resistance: 0.71800
Next Support: 0.70185