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AUD/USD is trading near to 0.8000, good to buy at declines

  • RES 4 :0.8115

  • RES 3: 0.8074 (Apr 29th high)
  • RES 2: 0.8000 (61.8% retracement of 0.8074 and 0.79028)
  • RES 1: 0.7980

      PRICE: 0.7977 @ 11:10 GMT 

  • SUP 1: 0.7950 (20 day HMA)

  • SUP 2: 0.7894 (200 day HMA)
  • SUP 3: 0.7850 (21st Apr low)
  • SUP 4:0.7784 (May 5th low)

Commentary:

AUD/USD has reached 0.7978 after making a low of 0.7785. Short term trend is bullish as long as support 0.7890 holds.

On the minor support is around 0.7950 and below that it can reach till 0.7890/0.7850.

Indicator (1 hour)

 CCI (14) - Buy

CCI (50) - Buy

Ichimoku- Buy

It is good to buy at dips around 0.7955 for the target of 0.8070 with stop around 0.7890.

 

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