AUDUSD: KEY RESISTANCE AT 0.7631

The RBA cuts interest rates by 25bp, but the market prefers to look to the good economic data released through fine the month of June and July. Technically speaking, the trend remains bearish, at least at low TF, but the post-announcement move could leave open the door to a test of resistance around 0.7630 during the next 2-3 sessions (attention to Friday's NFP). As long as the price remains above 0.7520, the trend remains bullish constructive. If you took long position this night, around low, put stop in BE is let your profits run. (Rule # 1 of technical analysis).

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FOLLOW THE BULLISH CHANNEL FOR MANAGED YOUR LONG POSITION

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Trade geschlossen: Ziel wurde erreicht:

we take some profit on resistance..... but take open rest of position

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CRITICAL AREA: We'll monitor daily closing

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BULLISH TARGET NO YET! TREND SILL STRONG BULLISH