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FxWirePro: AUD/USD rejected at session highs by 0.7472, good to sell on rallies

AUD/USD rejected at highs by 0.7472, intraday bias lower. The pair is holding 100-DMA support at 0.7432, break below will see downside upto 0.74. On 2 hourly charts, the pair is seen capped below stiff trendline resistan…

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FxWirePro: AUD/USD rejected at session highs by 0.7472, good to sell on rallies
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  • AUD/USD rejected at highs by 0.7472, intraday bias lower.
     
  • The pair is holding 100-DMA support at 0.7432, break below will see downside upto 0.74.
     
  • On 2 hourly charts, the pair is seen capped below stiff trendline resistance at 0.7460.
     
  • Stochs show rollover from overbought zone and RSI points south.
    ​

Trade idea: Sell rallies around 0.7440/45, Sl: 0.7470. TP: 0.7420/ 0.74
 

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