AUD/USD struggles to break 0.7850, good to sell on rallies

• RES 3: 0.7930 (May 22^nd high)
  
  
• RES 2: 0.7860
  
  
• RES 1 : 0.7820 (Jun 3^rd high)
  
  
• RES 1 : 0.7790 (20 day HMA)

      PRICE: 0.7756 @ 10:09  GMT 

• SUP 2: 0.7740 (20 day HMA)

• SUP 3: 0.7710 (55 day 4 H EMA)

• SUP 4 :0.7670 (Jun 12^th low)

• SUP 4 : 0.7640 (Jun 17^th low)

Commentary:

Aussie has retreated after making a high of 0.7845. Overall trend is bearish as long as resistance 0.7850 holds.

On the upside minor resistance is around 0.7850 and break above would extend gains till 0.7930.

The minor resistance are 0.7780/0.7820.

Short term weakness only below 0.7740.

It is good to sell on rallies around 0.7800 with SL around 0.7850 for the TP of 0.7670.