FxWirePro: AUD/USD rebounds on renewed optimism, good to go long on breakout above 0.7450

• Risk-on trades persisting in the markets after the latest Brexit polls’ outcome swayed towards the Remain camp support AUD.
   
• Rallying copper and oil prices together with broad-based US dollar sell-off also collaborated to the upside in the pair.
   
• AUD/USD is extending upside after bullish gap-up open and is currently trading around 0.7445 levels.
   
• Momentum studies are bullish, RSI biased north, strength in RSI at 57 levels.
   
• Bollinger bands are widening and the pair has bounced of 20-DMA support on June 16th trade. 
   
• Upside finds major trendline resistance at 0.7450 levels, break above will see test of 0.75 and then 0.7560 levels.
   
• On the downside, we see immediate support at 0.74 (10-DMA) ahead of 0.7393 (5-DMA). Break below could see test of 0.7360 levels.
   
• Immediate focus now on Tuesday’s RBA minutes release along with RBA official Debelle’s speech for fresh impetus on the Aussie.
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Recommendation: Good to go long on breakout above 0.7450, SL: 0.74, TP: 0.75/0.7530/0.7560