AUD/USD struggles to break above 200 day HMA, targets 0.7640

• RES 4: 0.7860
  
  
• RES 3 : 0.7820 (Jun 3^rd high)
  
  
• RES 2: 0.7785 (Cloud top)
  
  
• RES 1 : 0.7750 (200 day HMA)

      PRICE: 0.7712 @ 10:46  GMT 

• SUP 1 :0.7670 (Jun 12^th low)

• SUP 2 : 0.7640 (Jun 17^th low)

• SUP 3: 0.7590 (Jun 6^th low)

• SUP 4: 0.7530

Commentary:

AUD/USD has retreated till 0.7690 and is currently trading at 0.7715 level.  Intraday trend is bearish as long as resistance 0.7760 holds.

On the higher side any break above 0.7760 will target 0.7790/0.7820 in short term.

It is good to sell on rallies around 0.7755 with SL around 0.7780 for the TP of 0.7670/0.7640.