FxWirePro
Long

AUD/USD Short Term outlook

FX:AUDUSD   Australian Dollar/U.S. Dollar
208 0 1
AUD/USD             has broken major resistance 0.7845 and reached till 0.7890. Short term trend is bullish as long as support 0.7840 (resistance turned into support) holds.

The pair’s major resistance is around 0.7890 and any break above will take the pair till 0.7935/0.7950 in short term.

On the downside minor support is around 0.7840 and break below will drag the pair further down till 0.7790/0.7750.

Indicators (4 Hour chart)

Woddies CCI (14) – Buy

CCI (50) – Buy

Ichimoku- Buy

We prefer to buy AUD/USD             at dips around 0.7870 with stop around 0.7840for the target 0.7935/0.7950.


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