Positioning Bias:
AUD/USD is facing strong resistance around 0.8195 and any short term trend reversal can happen only above that level.
On the up side break above will target 0.8275/0.83745 (Dec 10th high).
The pair’s minor support is around 0.8030 and any indicative break below will target 0.800/0.7945 in short term.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Neutral
Recommendation: Sell AUD/USD around 0.813, SL 0.8195, Target 0.7948.
AUD/USD is facing strong resistance around 0.8195 and any short term trend reversal can happen only above that level.
On the up side break above will target 0.8275/0.83745 (Dec 10th high).
The pair’s minor support is around 0.8030 and any indicative break below will target 0.800/0.7945 in short term.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Buy
Ichimoku- Neutral
Recommendation: Sell AUD/USD around 0.813, SL 0.8195, Target 0.7948.