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- AUD/USD has downside has tested 0.7568, and has edged slightly above to currently trade at 0.7590 levels.
- 0.7568 is minor trendline support for the pair, breaks below could see downside to 0.7550 and then 0.75 levels.
- Hourly charts show some momentum higher, Stochs show a rollover from oversold and RSI has bounced off from near 30 levels and is biased higher.
- Pair finds immediate resistance at 0.7591 (4H 10-DMA), and support is located at 0.7570 (trendline).
- Breaks below 0.7570 could see test of 0.7545 and then 0.7530 levels. On the flipside, break above 0.76 could see gains upto 0.7650.
Recommendation: Go short on breaks below 0.7570, SL: 0.7610, TP: 0.7545/0.7530
