AUD/USD: Longs Need Stops Below 7505
Jason Sen | Jan 23, 2017 12:50AM ET
AUD/USD first resistance at last week's high of 7585/88 but bulls haven't given up so be ready to buy a break above 7600 to target 7633/36, 7643/46 and perhaps as far as 7693/98 this week.
3 week trend line support at 7550/46 but below 7525 targets short term Fibonacci support at 7489/85. If bulls are to remain in control short term this should hold the downside today. Longs need stops below 7505. Next target and buying opportunity at 7488/85. Try longs with stops below 7450.
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