FxWirePro
Short

Aussie struggles to hold above 0.70,decline till 0.69 is possibl

FX:AUDUSD   Australian Dollar / U.S. Dollar
330 0 12
Aussie has made a high of 0.7064 on Tuesday and retreated from that level. It is currently trading at 0.6995.

The pair’s minor resistance is around 0.7015 ( trend line joining 0.7064 and 0.7023) and any break above targets 0.7037/0.7065.

On the lower side minor support is around 0.6980 and break below will target 0.6940/0.6900

Bearish invalidation only above 0.7065.

It is good to sell on rallies around 0.7000 with SL around 0.7025 for the TP of 0.6940/0.6900
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