AUD/USD retreats from higher level, good to buy at declines

• RES 4 :0.83750 (Dec 11^th high)
  
  
• RES 3: 0.8294 (Jan 15^th high)

• RES 2: 0.8225 (161.8% retracement of 0.8162 and 0.8062)

• RES 1: 0.8165

      PRICE: 0.8055 @ 11:04 GMT 

• SUP 1: 0.8015 (23.6% retracement of 0.75322 and 0.8162)
  
  
• SUP2:0.7965 (200 day HMA)

• SUP 3: 0.7930 (61.8% retracement of 0.7785 and 0.8162)

• SUP 4:0.7860 (May 8^th low)

Commentary:

AUD/USD has reached 0.8162 and retreated from that level.  Short term trend is bullish as long as major  support 0.7965 hold.

On the minor support is around 0.8015 and below that it can reach till 0.7965/0.7930.

Indicator (1 hour)

 CCI (14) - Sell

CCI (50) - Sell

Ichimoku- sell

It is good to buy at dips around 0.8015 for the target of 0.8162/0.8220 with stop around 0.7965.