FxWirePro: AUD/USD breaks trend-line resistance, good to buy AUD/USD dips

AUD/USD hits fresh session highs of 0.7257, extending gains to break trend-line resistance at 0.7240.

• AUD/USD firmer, supported by a renewed bout of selling interest seen in the US dollar
   
• 10 DMA at 0.7265 is immediate resistance ahead of Daily Tenkan at 0.7273, while supports on the downside are seen at 0.7201 cloud base and then at 0.7197 (session lows) 
   
• Stocks on the Asian bourses track gains gains on Wall Street overnight, ECB hints & RBA rate cut bets also support
   
• Stocks on the Chinese indices also track the positive cues from their Asian counterparts, Shanghai Composite index, up 0.22% at 3,376, while Hong Kong's Hang Seng gains 1.30% to 23,145
   
• Improving appetite for risky assets also continues to bolster the demand for higher yielding currencies such as the AUD
   

Recommendation: Good to buy AUD/USD dips around 0.7230/35, SL: 0.7200, TP: 0.7270/75