We see scope for further upside in the pair. Strong support seen by weekly cloud top at 0.9999.
Technical indicators have turned for the pair. biased north and is above 50 levels.
Australia's quarterly GDP growth came-in at 0.3%, slightly better-than expected, supporting the Australian Dollar .
Price action has broken into daily cloud and is showing a crossover on signal line.
Support levels - 1.0104 (100-DMA), 1.0068 (5-DMA), 1.0030 (200-DMA)
Resistance levels - 1.0165 (May 15 high), 1.0178 (cloud top), 1.02
Good to go long around 1.0140/50 levels, SL: 1.0100, TP: 1.0180/ 1.02/ 1.0265