AUD/USD breaks trend line resistance, jump till 0.7985/0.8000 is possible

• RES4: 0.8162 (May 14^th high)

• RES 4: 0.8062 (Support turned into resistance)

• RES 3: 0.7985 (200 day HMA)

• RES2: 0.7935 (cloud bottom)

      PRICE: 0.7924 @ 06:51 GMT 

• SUP 1:0.7860 (May 8^th low)

• SUP 2 :0.7785 (May 5^th high)

• SUP3: 0.7715

• SUP4: 0.7680 (Apr 21^st low)

Commentary:

AUD/USD has broken trend line resistance and jump till 0.7985/0.800 is possible. 

The minor resistance is around 0.7935 and break above will extend gains till 0.7985/0.8000.

Indicator (1 hour)

 CCI (14) - Buy

CCI (50) - Buy

Ichimoku- Buy

It is good to buy around 0.7905-10 with stop around 0.7860 for the target of 0.7985/0.8000.