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- AUD/USD finds strong support at 0.9486/90 levels - daily cloud and 100-DMA.
- Price action rejected at session high at 0.7550, momentum studies neutral.
- Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-finds-strong-cloud-support-intraday-bias-higher-241463) has hit TP1.
- Techs are neutral, with a slightly positive bias, weakness only below cloud top at 0.7490.
- Immediate resistance is seen by 21-DMA at 0.7523, break above will find next major hurdle at 0.7550 (trendline).
Recommendation: Good to sell breakpout below 0.7486 levels, SL: 0.7550, TP: 0.7440/ 0.7420
