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- AUD/USD finds strong support at daily cloud top, trades with a bullish bias in the early Asian session.
- The pair has edged lower from session high at 0.7529, we see scope for further upside.
- FOMC statement contained no great surprises, a mixed statement suggests the risk of FOMC not hiking at all in 2016 is substantial.
- Techs are neutral, with a slightly positive bias, weakness only below cloud top at 0.7490.
- Stiff resistance is seen by 21-DMA at 0.7522, break above will find next major hurdle at 0.7550 (trendline).
Recommendation: Good to go long on dips around 0.75 levels, SL: 0.7475, TP: 0.7550/ 0.7565
