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

• RES 4 :0.8115
  
  
• RES 3: 0.8074 (Apr 29^th 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 (21^st Apr low)

• SUP 4:0.7784 (May 5^th 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.