FxWirePro: Aussie faces strong resistance around 0.7170, good to sell on rallies

• RES 4: 0.7250 (Aug 25^th high)
  
  
• RES 3: 0.7170 ( Trend line resistance)
  
  
• RES 2: 0.7136(20 day 4 HMA)
  
  
• RES 1: 0.7105 (7 day 4 H EMA)

      PRICE: 0.7078 @11:42 GMT 

• SUP 1: 0.7090 (161.8% retracement of  0.721 and 0.74097)
  
  
• SUP 2: 0.7030 (Aug 24^th low)
  
  
• SUP 3: 0.7000
  
  
• SUP 4: 0.6922 (161.8% retracement of 0.7030 and 0.7204)
  
  

AUD/USD has broken short term support 0.7080 and declined from that level till 0.7068. It is currently trading at 0.7082. Overall trend is still weak as long as resistance 0.7170 holds.

Technically Aussie short term resistance is at 0.7170 and any break above target 0.7205/0.7250.

On the lower side minor support is around 0.7090 and breaks below drag the pair down till 0.7060/0.7030.

Bearish invalidation only above 0.7205

It is good to sell on rallies around 0.7130 with SL around 0.7170 for the TP of 0.7070/0.7030