AUD/USD: Credit Suisse remains bullish, aims for 0.7730

AUD/USD marked a bottom given its rise above key resistance at 0.7386, says Credit Suisse.

"This keeps the immediate upside risk, heading towards 0.7849, where the pair should be unable to go further before turning back downward, in the direction of the underlying trend.

We would need to go under 0.7255 to suggest that the bottom is no longer valid, with a target at 0.7109 first, followed by 0.6827.

Credit Suisse bank remains bullish on the AUD/USD from 0.7420 to 0.7730 as a target. The trade was initiated on 17 March," said the bank.