Aussie has come lower and yesterday reached 7800.....This was on lacklustre trading however has made the 60 min charts overbought and the med term ones neutral...so what we are going to say today is that as long as the 7820/00 support holds we should trade higher...
We could be looking at 7883 where we would initially look to take profits..Attempt small shorts...but do not hold past 7900....a break above here should push us through to 7942/50...
Now if we lose 7800 then we are on the slippery slope to 7766/62.. Cover shorts to here.
Look to re-sell a break below 7600 as a break below here keeps the pressure to the downside and leaves 7730/25 as your first target. Again...cover all shorts to here.....
Re-sell 7725 for 7680/74....
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