AUD/USD Short Term outlook

FX:AUDUSD   Australian Dollar / U.S. Dollar
201 0
Pattern- Bullish BAT pattern

AUD/USD has recovered till 0.7831 after making a low of 0.77498. Short term trend reversal can happen only if it breaks below 0.7750.

On the downside below 0.7750 it can reach till 0.7695/0.7645.

It is facing short term resistance around 0.7850 and any break above could pave way for next target around 0.7925/0.7950.

Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy AUD/USD around 0.7800, SL 0.7750, Targets 0.7925/0.7950.
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