AUD/USD Short term outlook

FX:AUDUSD   Australian Dollar / U.S. Dollar
232 1
AUD/USD once again recovered after making a low of 0.7750. So it has formed temporary bottom around 0.7750 and jump till 0.7925 cannot be ruled out.

The break of pair’s minor support at 0.7750 would drag the pair further down till 0.7720/0.7695.

The pair is expected to find resistance (R1) at 0.7845 and break above that level could take it to next resistance 0.7875/0.7920.

Indicators (4 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy AUD/USD around 0.7795, SL 0.7750, Targets 0.7875/0.7920.


:) agree again. I`m looking to buy inv H&S on 30 min, targeting 0.7865
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