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AUD/USD IS struggling to break 200 day 4HMA,decline till 0.7570 cannot be ruled out

RES 4: 0.7850 (Mar 18th high) RES 3: 0.7815 RES 2: 0.7785 (61.8% retracement of 0.7937 and 0.75322) RES 1: 0.7725 (200 day 4HMA) PRICE: 0.7650 @ 11:24GMT SUP 1: 0.7620 (Cloud top) SUP 2: 0.7570 (Apr 6th low) SUP 3: 0.753…

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  • RES 4: 0.7850 (Mar 18th high)

  • RES 3:   0.7815

  • RES 2: 0.7785 (61.8% retracement of 0.7937 and 0.75322)

  • RES 1: 0.7725 (200 day 4HMA)

     PRICE: 0.7650 @ 11:24GMT 

  • SUP 1: 0.7620 (Cloud top)

  • SUP 2: 0.7570 (Apr 6th low)

  • SUP 3: 0.7530 (Apr 2nd low)

  •  SUP 4: 0.7500

AUD/USD ahs retreated after making a high of 0.7735. Overall trend is weak as long as resistance 0.7735 holds.

On the downside minor support is around 0.7620 and break below will drag the pair further down till 0.7570/0.7530.

It is good to sell around 0.7680 for the target of 0.7570 with stop around 0.7730.

 

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