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AUD/USD Struggles to break above 200 day HMA, decline till 0.7560 is possible

  •  RES 4: 0.777(61.8%  retracement of 0.79119 and 0.7559)

  •  RES 3:   0.7750

  •   RES 2: 0.7725 (200 day HMA)

  •   RES 1: 0.7690

      PRICE:  @ GMT 

  •   SUP 1: 0.7640 (Feb 3rd low)

  •   SUP 2: 0.7600

  •   SUP 3:0.7558 (Mar 11th low)

  •   SUP 4: 0.7500

AUD/USD has retreated after making a high of 0.7730. Overall trend is still weak as long 200 day HMA holds. On the downside AUD/USD short term support is around 0.7640 and any break below will target 0.7600/0.7560 in short term.

The pair's bearish invalidation can happen if it closes above 0.7725 (200 day HMA).

 

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