- RES 4: 0.7411 (Cloud bottom)
- RES 3: 0.7391 (Cloud top)
- RES 2: 0.7347 (Kijun-Sen)
- RES 1: 0.7312 (20 day 4 H EMA)
PRICE: 0.73037 @ 07:'41 GMT
- SUP 1: 0.7283 (161.8% retracement of 0.73256 and 0.7396)
- SUP 2: 0.7250 (161.8% retracement of 0.73266 and 0.74484)
- SUP 3: 0.7193 (61.8% projection of 0.7848 to 0.73266 from 0.7448)
- SUP 4: 0.7180
Aussie has made a low of 0.725 and is consolidating for past two trading session.
Intraday trend is weak as long as resistance 0.7350 holds and slight bullishness can be seen if it closes above 0.7350.
Any break of 0.7350 will target 0.7380/0.7410. Overall bearish invalidation only above 0.7500.
On the downside any break below 0.7250 will drag the pair further down till 0.7193 in short term.
It is good to sell on rallies around 0.7310 with SL around 0.7350 for the TP of 0.7255/0.7195.
