- Reserve Bank of Australia minutes released earlier today failed to provide any indication of future interest rate moves.
- Australian dollar has dipped slightly after the minutes, but has recovered from session lows at 0.7653 and is currently trading at 0.7684 levels.
- Techs support upside in the pair, Stochs and RSI are biased higher.
- The pair is currently struggling at 4H 20 MA at 0.7682, break above could see upside upto 0.7725.
- Immediate support is seen at 0.7673 (1H 20 SMA), then 0.7653 (session low) and 0.7583 (20-day MA).
Recommendation: Good to go long on dips around 0.7660/70, SL: 0.7620, TP: 0.77/ 0.7725
