- AUD/USD rejected at highs by 0.7472, intraday bias lower.
- The pair is holding 100-DMA support at 0.7432, break below will see downside upto 0.74.
- On 2 hourly charts, the pair is seen capped below stiff trendline resistance at 0.7460.
- Stochs show rollover from overbought zone and RSI points south.
Trade idea: Sell rallies around 0.7440/45, Sl: 0.7470. TP: 0.7420/ 0.74
The material has been provided by InstaForex Company – www.instaforex.com