AUD/USD rejected at day's high by 0.7637, good to sell rallies
AUD/USD rejected at day's high by 0.7637, slips below the 0.76 handle to currently trade around 0.7590 levels.
Technicals on 2H charts show scope for further downside, Stochs and RSI are biased lower and MACD line shows bearish crossover on signal line.
Immediate support is seen at 0.7568 (Mar 21 st lows), while resistance is seen at 0.76 (psychological level and 10-DMA).
Good to sell rallies around 0.7590/0.76, SL: 0.7640, TP: 0.7533/0.7510
Technicals on 2H charts show scope for further downside, Stochs and RSI are biased lower and MACD line shows bearish crossover on signal line.
Immediate support is seen at 0.7568 (Mar 21 st lows), while resistance is seen at 0.76 (psychological level and 10-DMA).
Good to sell rallies around 0.7590/0.76, SL: 0.7640, TP: 0.7533/0.7510
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