CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

AUD/USD trying to extend Thursday's gains, but markets are thin

3/30/2018, 10:05:45 AMMarket Analysis
AUD/USD trying to extend Thursday's gains, but markets are thin

The AUD/USD is climbing in quiet holiday markets, testing around 0.7685 while the Aussie markets are dark for the Easter long weekend.

The Aussie climbed on Thursday against the Greenback, but action was rough and the pair is now testing back into the previous swing high, with volumes dropping fast.

With both Australian and US markets shuttered for Good Friday, markets will dry up and action will be limited heading into the weekend.

AUD/USD Levels to watch

The pair is still deeply into bearish territory on Daily candles, and further bearish movement will run into support from November's swing high at 0.7625, while intraday action is being supported by yesterday's low point at 0.7643, while H4 charts show bullish action will run into resistance at this week's and last week's swing highs, at 0.7757 and 0.7784 respectively.