FxWirePro

Aussie trades below major support 0.6980, targets 0.6895

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
6
Aussie has broken short term support 0.6980 and this confirms further short term weakness , a decline till 0.6925/0.6895 cannot be ruled out.

On the higher side minor resistance is around 0.7025 and break above indicates intra day bullishness , a jump till 0.7065/7100 is possible .

it is good to sell on rallies around 0.6980-85 with SL around 0.7025 for the TP of 0.6925/0.6895.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.