• AUD/USD inched higher to trade around one month high on Thursday as strong rebound in oil prices and Brexit fears supported Aussie bulls.
  
  
• Much of the move was due rise in metal prices and also due heavy selling in the pound on concerns of Britain's exit from Eurozone.
  
  
• Currently the pair is making an attempt to test support level at 0.9260.
  
  
• Further decline is expected to be limited as the pair finds strong support at 0.7190 which should limit downside and initiate rebound back towards higher side.
  
  
• To the upside, the strong resistance can be seen at 0.7237, a break above this level would take the pair towards next resistance level at 0.7291.
  
  
• To the downside immediate support can be seen at 0.7191, a break below this level will open the door towards next level at 0.7145.
  
  Recommendation: Go long around 0.7150, targets 0.7240, 0.7300, SL 0.7100
  
  Resistance Levels
  
  R1: 0.7258 (50% Retracement level)  
  
  R2: 0.7261 (Nov 26th high)
  
  R3: 0.7291 (23.6% Retracement level)
  
  Support Levels
  
  S1: 0.7229 (38.2% Retracement level)
  
  S2: 0.7190 (23.6% Retracement level)
  
  S3: 0.7158 (Daily lows)