- AUD/USD has broken major support 0.7375 and this confirms short term bearishness , decline till 0.7300 cannot be ruled out.
- On the higher side minor resistance is around 0.7400 and break below will target 0.7435/0.7470.
- Overall bearish invalidation only if it closes above 0.7500.
It is good to sell on rallies around 0.7400 with SL around 0.7435 for TP of 0.7310.
The material has been provided by InstaForex Company – www.instaforex.com