FxWirePro: AUD/USD finds strong support at 100-DMA, good to go long on dips

• AUD/USD closed the bearish gap open and has bounced higher.
   
• Morrison announced a new MoU between the government and RBA, in which it states that now is not the time for major changes to RBA accord.
   
• Aussie bid on Australian Treasurer Morrison's comments, 100-DMA offers strong support on the downside.
   
• The major has taken out 23.6% Fib (0.7760 to 0.7442 fall) at 0.7517 and is on track to test 20-DMA at 0.7562.
   
• Technical indicators on daily charts have turned slightly bullish. RSI is biased higher while Stochs has shown a rollover from oversold region.
   
• Major support levels - 0.75, 0.7477 (100-DMA), 0.7455 (trendline), 0.74 (200-DMA)
   
• Major resistance levels - 0.7539 (session high), 0.7556 (10-DMA), 0.7563 (38.2% Fib & 20-DMA)
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Recommendation: Good to go long on dips around 0.75/0.7510, SL: 0.7450, TP: 0.7560/ 0.76