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Long

Long AUD/USD on 20-DMA breakout and bullish divergence

FX:AUDUSD   Australian Dollar / U.S. Dollar
Technical Analysis: Bias Bullish
- Price action has broken above strong resistance at 20-DMA            
- Bullish divergence on RSI and Stochs
- Stochs have rollover from oversold levels and biased higher
- MACD line shows bullish crossover on signal line
- +ve DMI crossover on -ve DMI

Support levels - 0.7710 ( 20-DMA             ), 0.7699 (5-DMA), 0.7637 (78.6% Fib)
Resistance levels - 0.7743 (61.8% Fib), 0.7783 ( 100-DMA             ), 0.7798 ( 50-DMA             ), 0.7810 ( 200-DMA             )

Good to go long on dips around 0.7715/25, SL: 0.7680, TP: 0.7745/ 0.7780/ 0.78
Comment: All targets hit.
Series of strong resistances upto 0.7820. Decisive close above will see further upside.
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