FxWirePro: AUD/USD supported above 100-DMA, good to long dips

• Relief-rally across Asian markets underpins sentiment behind higher-yielding currencies like the Aussie.
   
• Series of downbeat US economic data released overnight keep the USD subdued.
   
• Technical indicators on weekly charts are heavily bearish, but on the daily charts we see some upside.
   
• Major support levels - 0.75, 0.7478 (100-DMA), 0.7450 (trendline), 0.7398 (200-DMA)
   
• Major resistance levels - 0.7527 (session high), 0.7563 (38.2% Fib & 10-DMA), 0.7568 (20-DMA)
   
• Focus on US consumer price index number and preliminary Michigan Confidence data due later in the US session.
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Recommendation: Good to go long on dips around 0.75/0.7510, SL: 0.7450, TP: 0.7565/ 0.76