AussieAUD-USD @ 0.9983/86...Important Resistance in 1.0015-25 region
R: 1.0015-25 / 1.0100 / 1.0180-0200
S: 0.9900-0.9880 / 0.9850 / 0.9800

 

Aussie has risen as expected during the day and has come off from its high of 1.0005. There is very important Resistance in 1.0015-25 region a strong break above which will have to be seen for the current upmove to continue. A break above 1.0025 might take the pair up towards 1.0150-0200. If this Resistance holds then there is a chance of a pull back towards 0.9900 in the coming session. However, there is Support in 0.9900-9875 region which is expected to hold incase a pull back is seen in the US session today. As such a dip towards 0.9900-9875 Support region can be considered for taking Long positions once again.

Holding:
AUD 10K Long at 0.9935 , TSL 0.9940, TP 1.0050
As soon as the market trades 1.0030 bring TSL up to 0.9990

Limit Buy Order:
Buy AUD 10K at 0.9920, SL 0.9840, TP Open

Happy Trading!