$AUDUSD Trading Tip - 19/Jan


$AUDUSD: Upside momentum held post #CHINA #GDP data. Year on Year GDP numbers came in above expectations. US - Presidential Inauguration could have an overall upside or else downside effect on the US dollar impacting major currencies. Buy Aussie Dollar at current price (0.75816), Take Profit around 0.760, Stop Loss around 0.740.

Immediate Resistance at 0.76730 (higher highs in second half of 2016) following which Resistance will be found at 0.77790 (Oct high) Immediate Support at 0.74391 (Sept low) following which Support will be found at 0.73128 (Nov low).

#AUDUSD

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