FxWirePro: AUD/USD breaks minor resistance at 0.7395, good to go long on dips

• AUD/USD bounces back from daily lows at 0.7380 as the extended risk-on rally in the equities continues to underpin market sentiment.
   
• Oil prices continue to move higher for the second consecutive day on Norway strike which also supports the resource-linked AUD. 
   
• The pair trades at fresh session highs of 0.7409, having broken minor trendline support at 0.7395 on the 4 hourly charts.
   
• Broader market sentiment along with a fresh batch of US economic releases due later in the NA session with provide  further clues on direction.
   
• Techs on 4 hourly charts support upside in the pair, Stochs and RSI are biased higher, MACD line shows a bullish crossover on signal line.
   
• The pair finds immediate support and resistance at 0.7380 (session lows) and 0.7438 (5-DMA).
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Recommendation: Good to go long around 0.7395/0.74, SL: 0.7360, TP: 0.7440/ 0.7460