- Pair is currently trading at $0.7041 levels.
- It made intraday high at $0.7153 and low at $0.6983 levels.
- A daily close above $0.7241 will bring another rise.
- On the other side, deeper fall should be seen for retesting 0.6826 low first. Break will resume the larger down trend.
- Initial support levels are seen at 0.7045, 0.6998 and 0.6826 levels.
- Resistance levels are seen at 0.7132, 0.7172 and 0.7241 levels.
We prefer to take short position in AUD/USD around $0.7100, stop loss $0.7241 and target $0.6826 levels.
