We prefer to go long in AUD/USD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.8319
Kijun-Sen level: 0.8306
Ichimoku cloud top: 0.8420
Ichimoku cloud bottom: 0.8493

AUD/USD recovered after making a low of 0.8220 and a slight bounce back till 0.8500 cannot be ruled out.
The pair’s minor resistance is around 0.8375 and any indicative break above will target 0.8440/0.8500 in short term. The short term weakness can be seen only below 0.8250 level.

Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy

Recommendation: Buy AUD/USD around 0.8300, SL 0.8250, Target 0.8500.

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