AUD/USD holds minor support at 0.7568, weakness on breaks below
AUD/USD downside has tested 0.7568, and has edged slightly higher.
0.7568 is minor trendline support for the pair, breaks below could see downside to 0.7545 and then 0.75 levels.
Upside is being capped by 4-hourly 10-DMA at 0.7589, break above 0.76 could see gains upto 0.7650.
Hourly charts show some momentum higher, Stochs show a rollover from oversold and RSI has bounced off from near 30 levels and is biased higher.
Go short only on breaks below 0.7570, SL: 0.7610, TP: 0.7545/0.7530/0.75
0.7568 is minor trendline support for the pair, breaks below could see downside to 0.7545 and then 0.75 levels.
Upside is being capped by 4-hourly 10-DMA at 0.7589, break above 0.76 could see gains upto 0.7650.
Hourly charts show some momentum higher, Stochs show a rollover from oversold and RSI has bounced off from near 30 levels and is biased higher.
Go short only on breaks below 0.7570, SL: 0.7610, TP: 0.7545/0.7530/0.75
