Thursday, October 15, 2026

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Aussie takes support near 0.7340, jump till 0.7500 is possible

AUD/USD consolidates in narrow range 0.7340-0.73955 for the past two trading session. Major trend reversal level- 0.7400 Break above would extend gains till 0.7450/0.7500 in short term. On the downside minor support is a…

By Lis Howell
1 min read
Aussie takes support near 0.7340, jump till 0.7500 is possible
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  • AUD/USD consolidates in narrow range 0.7340-0.73955 for the past two trading session.
     
  • Major trend reversal level- 0.7400
     
  • Break above would extend gains till 0.7450/0.7500 in short term.
     
  • On the downside minor support is around 0.7340 and break below targets 0.7300/0.7250 in short term.

It is good to buy around 0.7375 with SL around 0.7340 for the TP of 0.7490.

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