AUD/USD struggles to break above 200 day 4 HMA, decline till 0.7590 is possible

• RES 4 : 0.7820 (Jun 3^rd high)
  
  
• RES 3: 0.7755 (200 day 4HMA)
  
  
• RES 2 : 0.7721 (55 day 4H EMA)
  
  
• RES 1: 0.7701 (7 day 4H EMA)

      PRICE: 0.7685 @ 11:38 GMT 

• SUP 1 : 0.7640 (Jun 17^th low)

• SUP 2: 0.7590 (Jun 6^th low)

• SUP 3: 0.7530 (Apr 2^nd low)

• SUP 4: 0.7500

Commentary:

AUD/USD has made a low of 0.7585 and recovered till 0.7735. Overall trend is weak as long as resistance 0.7760 holds

On the higher side any break above 0.7725 will target 0.77600/0.7800 in short term.

It is good to sell on rallies around 0.7725 with SL around 0.7765 for the TP of 0.764/0.7595.