AUDUSD
AUDUSD getting oversold so the downside could be more limited today. However we could still break 7800 to test the best of the day support at 7785/80. Buy here, stop at 7755. Target 1 @7805 (trail stop to entry), target 2 @7835. A sustained break below 7780 however sees 7780/85 act as resistance to target 7725/20 then 7710/05. We could continue lower this week to 7680.
First resistance at 7852/57. Sell only small shorts, stop 7875. Target 1 @7825 (trail stop to entry), target 2 @7810, target 3 @7790. On a break higher sell @7895, stop 7925. Target 1 @7860 (trail stop to entry), target 2 @7835.
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