Aussie Forms Triple Bottom Around 0.7250, Targets 0.7360/0.740
AUD/USD has formed triple bottom around 0.7250 and recovered from that level on account of better than expected Australian retail sales . Retail sales come in 0.7% compared to forecast 0.4% awaits RBA rate decision later today which is major market mover . Technically major support is around 0.7250 and any break below targets 0.7230/0.7190 in short term. On the higher side resistance is around 0.7300 and any break above target 0.7360/0.7400 . It is good to buy at dips around 0.72925 with SL around 0.7245 for the TP of 0.7355/0.7395.
News are provided byInstaForex.