AUD/USD Short term outlook

AUD/USD is trading near major resistance 0.7700 and any break above would extend gains till 0.7735/0.7785 in short term.

On the downside minor support is around 0.7640 and break below will drag the pair further down till 0.7600/0.7570.

Overall trend reversal can happen only below 0.7570.

Indicators (1 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy

Recommendation: Buy AUD/USD around 0.7690, SL 0.7638, Targets 0.7735/0.7780.