FxWirePro: AUD/USD upside halts at 61.8% Fib, break above targets trendline at 0.7710

• AUD/USD spikes past 20-DMA resistance which was capping upside in the pair.
   
• The major hovers around 61.8% Fib (0.7760 to 0.7442 fall) at 0.7638, break above likely to target major trendline resistance at 0.7710.
   
• Violation there could see test of 0.7732 and then 0.7760 levels.
   
• Techs are bullish on daily charts. We see weakness only below 20-DMA at 0.7561.
   
• Major support levels - 0.76 (50% Fib), 0.7580 (50-DMA), 0.7563 (38.2% Fib), 0.7561 (20-DMA)
   
• Major resistance levels - 0.7656 (Sept 9 high), 0.7676 (July 15 high), 0.77, 0.7710 (trendline)
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-finds-strong-support-at-100-DMA-good-to-go-long-on-dips-306093)  has achieved all targets
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Recommendation: Book partial profits, raise trailing stops to 0.76, hold for 0.7675/ 0.77/ 0.7710