- Aussie has broken major support 0.7050 after weaker Chinese PMI data and this confirms short term weakness , a decline till 0.6940 cannot be ruled out .
- Intraday bullishness only above 0.7085 . Any break above 0.7085 will take the pair to next level at 0.70122/0.7148.
- On the downside minor support is around 0.7000 and break below targets 0.6940.
It is good to sell on rallies around 0.7030-356 with SL around 0.7085 for the TP of 0.6945
The material has been provided by InstaForex Company – www.instaforex.com