The pair’s major resistance is around 0.8030 and any break above will take the pair till 0.81139/0.8250 in short term.
On the downside minor support is around 0.7960 and break below will drag the pair further down till 0.7900/0.7870.
Indicators (4 Hour chart)
Woddies (14) – Buy
(50) – Buy
We prefer to buy AUD/USD at dips around 0.7990 with stop around 0.7959 for the target 0.8115.