AUD/USD retreated to 0.8054 after making a high of 0.8299. Overall trend is bearish as long as resistance 0.8300 holds.
On the upside minor resistance is around 0.8300 and any break above will target 0.8378 (Dec 10th high)/0.84450.
The pair’s minor support is around 0.8030 and break below will take the pair to target 0.7933 (61.8% retracement of 0.6005 to 1.10792)/0.7869 in short term.
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell AUD/USD 0.8120-30, SL 0.8260, Targets 0.7935/0.7869.
On the upside minor resistance is around 0.8300 and any break above will target 0.8378 (Dec 10th high)/0.84450.
The pair’s minor support is around 0.8030 and break below will take the pair to target 0.7933 (61.8% retracement of 0.6005 to 1.10792)/0.7869 in short term.
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell AUD/USD 0.8120-30, SL 0.8260, Targets 0.7935/0.7869.