AUD/USD is trading weak, decline till 0.7550 is possible

• RES 4: 0.7734 (38% retracement of 0.7930 and 0.7618)

• RES 3: 0.7720

• RES 2: 0.7683 (Support turned into resistance)

• RES 1 :0.7645 (7 day H EMA)

      PRICE: 0.76321 @ 11:31 GMT 

• SUP 1: 0.7625

• SUP 2:0.7550 (Apr 13^th low)

• SUP 3 : 0.7530 (Apr 4^th low)

• SUP 4:0.7500

Commentary:

AUD/USD has broken short term support 0.7680 and declined till 0. trend is bearish as long as resistance 0.7680 holds

On upside the minor resistance is around 0.7680 and break above would extend gains till 0.7735

Indicator (1 hour)

 CCI (14) - Sell

CCI (50) - Sell

Ichimoku- Sell

It is good to sell on rallies around 0.7645 for the target of 0.7550 with stop around 0.7685.