Aussie buoyed on upbeat Building Approvals data.
The pair has broken above strong resistance at 0.7414 (nearly converged 5-DMA and 21-EMA).
Bullish divergence on RSI and Stochs keeps scope for further upside.
Next major resistance lies at 50-DMA at 0.7460 ahead of 23.6% Fib at 0.7505.
On the flipside, retrace and close below 0.7411 could see weakness till 0.7315 (major trendline).
Stay long on dips, SL: 0.7370, target 0.7460/ 0.75
The pair has broken above strong resistance at 0.7414 (nearly converged 5-DMA and 21-EMA).
Bullish divergence on RSI and Stochs keeps scope for further upside.
Next major resistance lies at 50-DMA at 0.7460 ahead of 23.6% Fib at 0.7505.
On the flipside, retrace and close below 0.7411 could see weakness till 0.7315 (major trendline).
Stay long on dips, SL: 0.7370, target 0.7460/ 0.75