AUD/USD takes support at 20 day 4 HMA, targets 0.7850

• RES 4: 0.7935 (22^nd May high

• RES 3: 0.7860 (200 day 4 HMA)

• RES 2 :0.7820 (Jun 3^rd high)

• RES 1 : 0.7760 (7 day 4H EMA)

      PRICE: 0.77486 @ 11:58 GMT 

• SUP 1: 0.7720 (55 day 4 H EMA)

• SUP 2:0.7700 (20 day 4 HMA)

• SUP 3 : 0.7670 (61.8% retracement of 0.7597 and 0.7817)

• SUP 4:0.7590 (Jun 1^st Low)

Commentary:

AUD/USD has made a high of 0.7817 and is retreating from that level. Overall trend is bullish as long as support  0.7680 holds

On upside the minor resistance is around 0.7760 and break above would extend gains till 0.7820/0.7860

Indicator (4 hour)

 CCI (14) - Buy

CCI (50) - Sell

Ichimoku- Buy

It is good to buy at dips around 0.7740 for the target of 0.7815/0.7850 with stop around 0.7680.