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- RES 4 : 0.7532 (Jul 6th high)
- RES 3: 0.7500
- RES 2 : 0.7480 (Kijun-Sen)
- RES 1: 0.7435(7 day 4H EMA)
PRICE: 0.7439@ 11:12 GMT
- SUP 2: 0.7370 (Jul 8th low)
- SUP 3: 0.7326
- SUP 4: 0.7297 (161.8% retracement of 0.7371 and 0.74906)
- SUP 4 : 0.7250
Commentary:
AUD/USD has made a low of 0.75981 and is currently trading around 0.7603. Overall trend is weak as long as resistance 0.7670 holds
On the higher side any break above 0.7640 will target 0.7670/0.7745in short term.
It is good to sell on rallies around 0.7640 with SL around 0.7680 for the TP of 0.7590/0.7530
