- AUD/USD has broken tend line resistance 0.7820 and mad a high of 0.7835 level. Overall trend is bullish as long as support 0.7695 holds. Short term trend reversal only below 0.7750.
- The pair’s major resistance is around 0.7835 and any break above will take the pair till 0.7935 in short term.
- On the downside minor support is around 0.7750 and break below will drag the pair further down till 0.7695/0.7680.
Indicators (4 Hour chart)
Woddies CCI (14) – Buy
CCI (50) – Buy
Ichimoku- Buy
We prefer to buy AUD/USD at dips around 0.7790 with stop around 0.7750 for the target 0.7840/0.7885.
The material has been provided by InstaForex Company – www.instaforex.com