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AUD/USD takes support around 0.7608, waiting for RBA Minutes meeting tomorrow for further direction

RES 4: 0.7850 RES 3: 0.777(61.8% retracement of 0.79119 and 0.7559) RES 2: 0.7750 RES 1: 0.7704 (200 day HMA) PRICE: @ GMT SUP 1: 0.7640 (Feb 3rd low) SUP 2: 0.7600 SUP 3:0.7558 (Mar 11th low) SUP 4: 0.7500 AUD/USD has s…

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  • RES 4: 0.7850

  • RES 3:   0.777(61.8%  retracement of 0.79119 and 0.7559)

  • RES 2: 0.7750

  • RES 1: 0.7704 (200 day HMA)    

    PRICE:  @ GMT 

  • SUP 1: 0.7640 (Feb 3rd low)

  • SUP 2: 0.7600

  • SUP 3:0.7558 (Mar 11th low)

  • SUP 4: 0.7500

AUD/USD has slightly recovered after making a low of 0.76088.  Overall trend is still weak as long 200 day HMA holds. On the downside AUD/USD short term support is around 0.7640 and any break below will target 0.7600/0.7560 in short term.

The pair's bearish invalidation can happen if it closes above 0.7700.

 

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