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- RES 4: 0.7530 ( Jul 6th 2015)
- RES 3: 0.7500
- RES 2: 0.7480 (Jul 13th high)
- RES 1: 0.7436 (Jul 16th high)
PRICE: 0.74086 @ 11:41 GMT
- SUP 1: 0.7370 (Jul 8th low)
- SUP 2: 0.7326
- SUP 3: 0.7297 (161.8% retracement of 0.7371 and 0.74906)
- SUP 4: 0.7283 (161.8% retracement of 0.73256 and 0.7396)
Commentary:
AUD/USD has made a high of 0.74484 and declined till 0.7370 today. Overall trend is bullish as long as support 0.7365 holds.
On the higher side short term resistance is around 0.7450 and break above would extend gains till 0.7480/0.7500.
Overall trend reversal can happen only if it closes above 0.7500 level.
Aussie support is at 0.7365 and below that level will take to next target 0.7330/0.7320.
It is good to buy at dips around 0.7370 with SL around 0.7330 for TP of 0.7450/0.7495.
