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FxWirePro: AUD/ USD trims gains but outlook is still bullish

• AUD/ USD eased slightly on Thursday as mostly dovish U.S. Federal Reserve minutes failed to lift the major. . • The minutes revealed that the vast majority of officials felt a September rate cut would be appropriate if…

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FxWirePro: AUD/ USD trims gains but outlook is still bullish
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• AUD/ USD eased slightly on Thursday  as mostly dovish  U.S. Federal Reserve minutes failed to lift the major.    .

• The minutes revealed that the vast majority of officials felt a September rate cut would be appropriate if upcoming data aligns with expectation.

• AUD/ USD dipped to trade at 0.6763 after pulling back from  overnight top, when it climbed to 0.6801
 
•  Immediate resistance is located at 0.6763 (23.6%fib), any close above will push the pair towards 0.6793 (Higher BB).

• Support is seen at 0.6722 (Aug 20th low) and break below could take the pair towards 0.6691 (38.2%fib).

 Recommendation: Good to buy around 0.6720, with stop loss of 0.6660 and target price of 0.6780
 

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