AUDUSD hit its upside target of 0.7200

AUDUSD: inched higher to trade around 0.7240 as I have analysed on Tuesday.

au2 aud

  • Current trend: in a long-term downtrend, short-term bullish.
  • Trading tips: buy on dips
    break above 0.7240 level could target 0.7300
    Downside: support can be seen at 0.7190, break below this level will target 0.7145.
  • Strategy: buy @0.7150, SL @0.7100, TP @0.7300