AUD/USD Short Term Outlook
AUD/USD is trading near major resistance 0.88975 (Oct 9th high) and any break above will confirm the bullish trend.
Any indicative break of 0.88975 would extend gain to 0.8930/0.9005.
Minor support is around 0.8860 (resistance turned into support) and any break below will target 0.883/0.880.
Recommendation: Buy AUD/USD around 0.880, SL 0.886, Target 0.8930/0.9005.
Any indicative break of 0.88975 would extend gain to 0.8930/0.9005.
Minor support is around 0.8860 (resistance turned into support) and any break below will target 0.883/0.880.
Recommendation: Buy AUD/USD around 0.880, SL 0.886, Target 0.8930/0.9005.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.