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Aussie faces strong trendline support at 0.717,break below targets 0.71

  • AUD/USD has made a high of 0.7234 on Yesterday and started to retreat from that level. It is currently trading at 0.7193

  • Aussie is facing minor trend line support around 0.7170 and any break below targets 0.7100/0.7060 in short term.

  • On the higher side major resistance is around 0.7235 and break above would take the pair till 0.7280/0.7300.

It is good to sell only below 0.7170 with SL around 0.7235 for the TP of 0.7100/0.7065

 

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