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AUD/USD is struggling to break 200 day 4 HMA, good to sell on rallies

RES 4: 0.7930 (May 22nd high) RES 3: 0.7850 (200 day 4 HMA) RES 2: 0.7820 (Jun 3rd 2015) RES 1: 0.7780 PRICE: 0.77330 @ 11:16 GMT SUP 1: 0.7708 (7 day 4 H EMA) SUP 2:0.7680 (55 day 4 H EMA) SUP 3 : 0.7630 SUP 4: 0.7590 (…

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  • RES 4: 0.7930 (May 22nd high)

  • RES 3: 0.7850 (200 day 4 HMA)
  • RES 2: 0.7820 (Jun 3rd 2015)

  • RES 1: 0.7780

      PRICE: 0.77330 @ 11:16 GMT 

  • SUP 1: 0.7708 (7 day 4 H EMA)
  • SUP 2:0.7680 (55 day 4 H EMA)
  • SUP 3 : 0.7630
  • SUP 4: 0.7590 (Jun 5th low)

Commentary:

Aussie has broken resistance 0.7725 (trend line resistance) and went up till 0.7780.

Overall trend is weak as long as resistance 0.7820 holds. 

Indicator (4 hour)

 CCI (14) - Buy

CCI (50) -Buy

Ichimoku- Buy

It is good to sell around 0.7780 with SL around 0.7860 for the TP of 0.7635.

 

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