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| AUD/USD |
SUMMARY:
The major trend of AUD/USD is bearish, but from last few
days prices are not sustaining at lower levels. The pair is taking
resistance from the psychological level of 0.7830 consolidating &
gaining strength to break it upside. Today if the pair breaks 0.7831
& managed to sustain above it, then we can expect it to test the
level of 0.7876/ 0.7910 in a day or two.
Prices are taking support of 30 SMA & 200 SMA. RSI
is also sustaining in buying territory supporting upside movement in
the pair. MACD line has recently break the zero line,indicating the
up trend in the market.
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| Technical Chart |
STRATEGY :-
AUD/USD is looking further bullish on charts. One can go for buy
on dips strategy for this pair for intra day to mid term positions.
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