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Aussie has recovered after making a low of 0.6938 and is currently trading at 0.7010. It is facing minor resistance at 0.7020 (trend line joining 0.7153 and 0.70425).
- Any break above 0.7020 will take the pair to next level to 0.7075/0.7100 in short term.
- On the downside minor support is around 0.6975 and any break below will drag the pair till 0.6940/0.6900.
- Further weakness only below 0.6940.
It is good to buy above 0.7020 with SL around 0.6975 for the TP of 0.7075/0.7098
