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.
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.