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FxWirePro- Woodies Pivot(Major) 
- AUD/USD spikes higher from session lows at 0.7633, retakes 5-DMA at 0.7650.
- AUD buoyed after RBA held policy unchanged, said higher commodity prices have supported a rise in the trade surplus.
- The bank did state that the inflation is expected to remain low for some time and did not sound seriously concerned by the strength in the Aussie dollar.
- Technical studies in the pair support upside, ADX supports trend higher.
Support levels - 0.7650 (5-DMA), 0.7646 (78.6% Fib), 0.76, 0.7577 (Feb 2 low)
Resistance levels - 0.77 (psychological level), 0.7716 (88.6% Fib), 0.7755 (trendline)
TIME TREND INDEX OB/OS INDEX
1H Bullish Neutral
4H Bullish Neutral
1D Bullish Overbought
1W Bullish Neutral
Call update: Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-breaks-major-trendline-resistance-at-07625-good-to-go-long-on-dips-521892) has hit TP1.
Recommendation: Book partial profits at highs, raise trailing stops to 0.7630, hold for 0.77/ 0.7750.
