AUD/USD Short term Outlook

FX:AUDUSD   Australian Dollar / U.S. Dollar
216 0 1
AUD/USD             has broken major resistance 0.7935 and reached till 0.80265. Intraday trend is bullish as long as support 0.7960 (7 day 4H EMA ) holds.

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 CCI (14) – Buy

CCI (50) – Buy

Ichimoku- Buy

We prefer to buy AUD/USD             at dips around 0.7990 with stop around 0.7959 for the target 0.8115.

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