Aussie struggles to hold above 0.70,decline till 0.69 is possibl
Aussie has made a high of 0.7064 on Tuesday and retreated from that level. It is currently trading at 0.6995.
The pair’s minor resistance is around 0.7015 (trend line joining 0.7064 and 0.7023) and any break above targets 0.7037/0.7065.
On the lower side minor support is around 0.6980 and break below will target 0.6940/0.6900
Bearish invalidation only above 0.7065.
It is good to sell on rallies around 0.7000 with SL around 0.7025 for the TP of 0.6940/0.6900
The pair’s minor resistance is around 0.7015 (trend line joining 0.7064 and 0.7023) and any break above targets 0.7037/0.7065.
On the lower side minor support is around 0.6980 and break below will target 0.6940/0.6900
Bearish invalidation only above 0.7065.
It is good to sell on rallies around 0.7000 with SL around 0.7025 for the TP of 0.6940/0.6900
