Aussie strugles to close above 0.7000, targets 0.6895
AUD/USD has formed a double bottom around 0.6980 and slightly recovered from that level. Overall trend is still weak as long as resistance 0.7062 holds.
On the higher side any break above 0.7062 would extend gains till 0.7125/0.7152 in short term.
The pair’s major support is around 0.6980 and any break below targets 0.6925/0.6895.
It is good to sell on rallies around 0.7020-25 with SL around 0.7065 for the TP of 0.6895
On the higher side any break above 0.7062 would extend gains till 0.7125/0.7152 in short term.
The pair’s major support is around 0.6980 and any break below targets 0.6925/0.6895.
It is good to sell on rallies around 0.7020-25 with SL around 0.7065 for the TP of 0.6895