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FxWirePro: Sell AUD/USD on rallies around 0.7180-85 with SL around 0.7225 for the TP of 0.7125/0.7085

Aussie is facing strong resistance around 0.7210 and any trend reversal only above that level.Any break above that level will take the pair to next target 0.7260. The pair is struggling to close above trend line resistan…

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  • Aussie is facing strong resistance around 0.7210 and any trend reversal only above that level.Any break above that level will take the pair to next target 0.7260.

  • The pair is struggling to close above trend line resistance (trend line joining 0.7600 and 0. 7091) 

  • On the lower side minor support is around 0.7170 and any break below will drag the pair further down till 0.7144/0.7120.

It is good to sell on rallies around 0.7180-85 with SL around 0.7225 for the TP of 0.7125/0.7085

 

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