AUDUSD - We look to Sell at 0.7683

AUDUSD - We look to Sell at 0.7683 (stop at 0.7723)

AUDUSD - We have posted an inside Harami candle on the daily chart. A clear sign of investor indecision. Trades within an intraday channel formation - high 0.7713 low 0.7633. Buying posted in Asia. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.7683, resulting in improved risk/reward. Our profit targets will be 0.7635 and 0.755.

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