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Long

AUD/USD Short term outlook

FX:AUDUSD   Australian Dollar/U.S. Dollar
151 0 5
AUD/USD             has recovered from low of 0.7706. Overall trend is bullish as long as support 0.7695 holds.

The pair’s major resistance is around 0.7820 and any break above will take the pair till 0.7935 in short term.

On the downside minor support is around 0.7750 and break below will drag the pair further down till 0.7695/0.7680.

Indicators (4 Hour chart)

Woddies CCI (14) – Buy

CCI (50) – Buy

Ichimoku- Buy

We prefer to buy AUD/USD             above 0.7820 with stop around 0.7750 for the target 0.7935.
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