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AUD/USD is expected to take support around 0.7830, jump till 0.7975 is possible

RES 4: 0.8294 (Jan 15th High) RES 3: 0.8015 (61.8% retracement of 0.8294 and 0.75594) RES 2: 0.7975 RES 1: 0.7938 (Mar 25th High) PRICE: 0.78722 @6:19 GMT SUP 1: 0.7855 SUP 2: 0.7830 (Mar 24th Low) SUP 3:0.7760 SUP 4: 0.…

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  • RES 4: 0.8294 (Jan 15th High)

  • RES 3:   0.8015 (61.8% retracement of 0.8294 and 0.75594)

  • RES 2: 0.7975

  •  RES 1: 0.7938 (Mar 25th High)    

     PRICE: 0.78722 @6:19 GMT 

  • SUP 1: 0.7855

  • SUP 2: 0.7830 (Mar 24th Low)

  • SUP 3:0.7760

  • SUP 4: 0.7715(200 day HMA)

AUD/USD has broken major resistance 0.7910 and made a high of 0.7937. Overall trend is still on bullish with support around 0.7830.

Any break above the top formed around 0.7937 would extend gains till 0.7975/0.8015 in short term.

 

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