- RES 4: 0.7450 (Jul 21st high)
- RES 3: 0.74275 (Aug 4th high)
- RES 2: 0.7420 (200 day 4HMA)
- RES 1: 0.7350 (20 day 4 HMA)
PRICE: 0.73520 @11:37 GMT
- SUP 1: 0.7315 (Aug 6th low)
- 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
Technically Aussie has broken short term support 0.7350 and declined till 0.72150. It is currently trading at 0.7350.
On the higher side minor resistance is around 0.7380 and break above targets 0.7445/0.7490.
Bearish invalidation only above 0.7450
It is good to sell on rallies around 0.7400 with SL around 0.7445 for the TP of 0.7300/0.7255.
