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Short

AUD/USD Daily Outlook

FX:AUDUSD   Australian Dollar/U.S. Dollar
291 0 0
AUD/USD             made a low of 0.7745 yesterday and is trading around 0.7780.

Major intraday resistance -0.7815.Intraday trend reversal can happen only above that level. Any break above will target 0.7850/0.7875.

Major intraday support- 0.7720. Break below will drag the pair further down till 0.7690/0.7651.

Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell AUD/USD             around 0.7770, SL 0.7820, Targets 0.7720/0.7691.
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