Today's levels

The priomary trend of AUD/USD is bearish on charts and prices is forming revesal Head & Shoulder patter in its 4 hourly chart. In 4 hourly chart the price is sustaining below 50 day SMA and taking support of 200 day SMA indicating downtrend of the pair.
Resistance level of 0.7390 and Support level of 0.7150
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.


INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.

STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

AUDUSD

The secondary trend of AUD/USD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance level of 0.7305 and Support level of 0.7244
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.



INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: AUD/USD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.