AUD/USD is struggling to break 200 day HMA, decline till 0.7530 cannot be ruled out

• RES 4: 0.7785 (61.8% retracement of 0.7937 and 0.75322)

• RES 3: 0.7738 (Apr 9^th high)

• RES 2: 0.7695

• RES 1: 0.7642 (200 day HMA)
  
  

      PRICE: 0.7589 @ 7:12 GMT 

• SUP 1: 0.7570 (Apr 6^th low)

• SUP 2: 0.7530 (Apr 2^nd Low)

• SUP 3: 0.7500

• SUP 4: 0.7406 (161.8% retracement of 0.75322)

AUD/USD has slightly recovered after making a low of 0.7550. Overall trend is weak as long as resistance 0.7640 holds

On the downside minor support is around 0.7570 and break below will drag the pair further down till 0.7570/0.7530.

Indicator (1 hour)

Woodies CCI (14) - Neutral

CCI (50) - Sell

It is good to sell around 0.7620 for the target of 0.7530 with stop around 0.7650.