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Long

AUD/USD Short term Outlook

FX:AUDUSD   Australian Dollar/U.S. Dollar
232 1 2
AUD/USD             has broken tend line resistance 0.7820 and mad a high of 0.7835 level. Overall trend is bullish as long as support 0.7695 holds. Short term trend reversal only below 0.7750.

The pair’s major resistance is around 0.7835 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             at dips around 0.7790 with stop around 0.7750 for the target 0.7840/0.7885.

RECOMMEND buying 0.7790 and 0.7750 stop around ?
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