- AUD/USD has formed a double bottom around 0.6980 and slightly recovered from that level. Overall trend is still weak as long as resistance 0.7062 holds.
- On the higher side any break above 0.7062 would extend gains till 0.7125/0.7152 in short term.
- The pair's major support is around 0.6980 and any break below targets 0.6925/0.6895.
It is good to sell on rallies around 0.7020-25 with SL around 0.7065 for the TP of 0.6895
