AUD/USD breaks major support 0.7680, decline till 0.7550 is possible

• RES 4: 0.7782 (cloud top)

• RES 3: 0.7734 (55 day H EMA)

• RES 2: 0.7703 (20 day HMA)

• RES 1: 0.7683 (7 day HMA)

      PRICE: 0.76596 @ 10:40 GMT 

• SUP 3: 0.7680 (Apr 21^st low)

• Sup 4: 0.7650

• SUP 3:0.7550 (Apr 13^th low)

• SUP 4 : 0.7530 (Apr 4^th low)

Commentary:

AUD/USD has broken short term support 0.7680 and decline till 0.7550 cannot be ruled out.

On upside the minor resistance is around 0.7760 and break above would extend gains till 0.7830

Indicator (1 hour)

 CCI (14) - Sell

CCI (50) - Sell

Ichimoku- Sell

It is good to sell on rallies around 0.7915 for the target of 0.7860/0.7785 with stop around 0.7985.