AUD/USD pares early gains, decline till 0.7580 is possible

• RES 4: 0.78880

• RES 3: 0.7840 (Apr 17^th high)

• RES 2: 0.7798 (61.8% retracement of 0.7840 and 0.7680)

• RES 1: 0.7740
  
  

      PRICE: 0.7715 @ 9:23 GMT 

• SUP 1: 0.7680

• SUP 2: 0.7660 (61.8% retracement of 0.755 and 0.7840)

• SUP 3: 0.7620 (Cloud Top)

• SUP 4: 0.7550 (Apr 14^th low)

AUD/USD has retreated till 0.7685 after making a high of 0.7840. Overall trend is weak as long as 0.7800 holds.

On the downside minor support is around 0.7680 and break below will drag the pair further down till 0.7620/0.7550.

Indicator (4 hour)

Woodies CCI (14) - Sell

CCI (50) - Buy

Ichimoku-Sell

It is good to sell around 0.7750 for the targets of 0.7650/0.7580 with stop around 0.7800.