- AUD/USD is trading near major resistance 0.7700 and any break above would extend gains till 0.7735/0.7785 in short term.
- On the downside minor support is around 0.7640 and break below will drag the pair further down till 0.7600/0.7570.
- Overall trend reversal can happen only below 0.7570.
Indicators (1 Hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy AUD/USD around 0.7690, SL 0.7638, Targets 0.7735/0.7780.
The material has been provided by InstaForex Company – www.instaforex.com