Guys, we have a potential trade in AUD/USD, it is trading just above a support level of 0.7635 and consolidates in a trading range of 0.7670 – 0.7639 as we can see in the trading chart given below.
Volatility is still low, as traders await ISM Manufacturing PMI due today.
USD: ISM Manufacturing PMI
We will see stronger Dollar if ISM Manufacturing PMI beats expectations and is likely to cause sell in AUDUSD.
S 0.7557 0.7588 0.7607
R: 0.7670 0.7689 0.7721
Good to Buy Below 0.7647
SL: 0.7635 TP: 0.7665
After News: Better Than Expected ISM Manufacturing
Good to Sell Below 0.7670
SL: 0.7675 TP: 0.7645