AUDUSD - fresh strength heads towards 0.7649 pivot, top of n/t congestion
|The pair rallies towards the top of near-term congestion at 0.7649, after building a base at 0.7585 zone (low of sharp two-day fall from 0.7732 peak). Monday’s long-legged Doji signaled indecision, with fresh bulls looking for a probe above 0.7649 pivot to signal higher low at 0.7585 and open way for further retracement of 0.7732/0.7585 fall. Daily close above 0.7649 will confirm fresh n/t bulls.
Next barriers lay at 0.7659 and 0.7676 (the latter marks Fibo 61.8% of 0.7732/0.7585 fall) and sustained break to confirm reversal.
Res: 0.7649; 0.7659; 0.7675; 0.7697
Sup: 0.7620; 0.7600; 0.7585; 0.7558
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