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Long

AUD/USD takes support near 20 day 4 HMA,targets 0.7845

FX:AUDUSD   Australian Dollar/U.S. Dollar
381 1 7
AUD/USD             has made a false break out below trend line and recovered from that level. Intra day trend is bullish as long as support 0.7750 holds.

Any break below 0.7750 will target 0.7690/0.7670 level.

On the higher side major resistance is around 0.7850 above would target 0.7935.

It is good to buy at 0.7765 with SL around 0.7745 for the TP of 0.7820/0.7845

RSI is showing divergence in the smaller time frames for bullish moves but I think volumes are low at present. What do you say?
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