FxWirePro
Long

AUD/USD trades well above trend line resistance, targets 0.7500

FX:AUDUSD   Australian Dollar/U.S. Dollar
289 0 6
AUD/USD             has broken trend line resistance around 0.7380 and trades well above that level. It confirms short term bullishness, jump till 0.7500 cannot be ruled out.

On the upside minor resistance is around 0.7430 and any break above would extend gains 0.7450/0.7490.

The pair’s minor support is around 0.7350 and any break below will drag the pair further down till 0.7300/0.7250.

Major intraday support -0.7350 and intraday resistance 0.7435.

It is good to buy at dips around 0.7385-90 with SL around 0.7345 for the TP of 0.7445/0.7490.
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