In this video, the Trading Central looks at the currency pair AUD/USD for the March 20th session.
AUD/USD — Looking at the 30-min intraday chart, the pair has indeed broken above the descending trendline, in place since last Wednesday. It remains supported by a rising trendline, in place since last Friday. The pair also remains supported by the 50-period Moving Average. Further advance is expected above the horizontal support at 0.7680. The first target is set at 0.7755 and the next target is set at 0.7780.