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- AUD/USD consolidates in narrow range 0.7320-0.7409 for the past two trading session.
- Major trend reversal level- 0.7385
- Break above would extend gains till 0.7450/0.7500 in short term.
- On the downside minor support is around 0.7340 and break below targets 0.7300/0.7250 in short term.
- It has formed temporary bottom around 0.7250 and any further weakness can be seen only below that level
It is good to buy around 0.7380 with SL around 0.7340 for the TP of 0.7490.
Resistance
R1- 0.7410
R2-0.7450
R3- 0.7500
Support
S1-0.7340
S2-0.7300
S3-0.7250
