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 (14) – Buy
(50) – Buy
We prefer to buy AUD/USD at dips around 0.7870 with stop around 0.7840for the target 0.7935/0.7950.