FxWirePro

Aussie breaks short term support 0.7050, taregts 0.6940

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
8
Aussie has broken major support 0.7050 after weaker Chinese PMI data and this confirms short term weakness , a decline till 0.6940 cannot be ruled out .

Intraday bullishness only above 0.7085 . Any break above 0.7085 will take the pair to next level at 0.70122/0.7148.

on the downside minor support is around 0.7000 and break below targets 0.6940.

It is good to sell on rallies around 0.7030-356 with SL around 0.7085 for the TP of 0.6945
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.