Description
⋅ 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.