Shock therapy worked: a one-vote margin turned into an extremely strong signal for AUDUSD
The AUD continues to strengthen after the interest rate was raised to 4.1%, with the AUDUSD pair testing the 0.7090 mark. Discover more in our analysis for 20 March 2026.
Technical outlook
After testing the lower Bollinger Band, the AUDUSD pair formed a Hammer reversal pattern on the H4 chart. At this stage, quotes remain within an ascending channel and continue their upward momentum following the signal, with an upside target at the 0.7140 resistance level.
After the RBA raised the interest rate, the Australian dollar continues to strengthen against the USD.
Read more - AUDUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
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The RoboForex Team