Aussie faces minor resistance at 0.702,break above target 0.7095

Aussie has recovered after making a low of 0.6938 and is currently trading at 0.7010. It is facing minor resistance at 0.7020 (trend line joining 0.7153 and 0.70425).

Any break above 0.7020 will take the pair to next level to 0.7075/0.7100 in short term.

On the downside minor support is around 0.6975 and any break below will drag the pair till 0.6940/0.6900.

Further weakness only below 0.6940.

It is good to buy above 0.7020 with SL around 0.6975 for the TP of 0.7075/0.7098