- RES 4: 0.7410
- RES 3: 0.7356 (200 day 4HMA)
- RES 2: 0.7303 ( 55 day 4 H EMA)
- RES 1: 0.7268 (20 day 4 HMA)
PRICE: 0.72400 @10:42 GMT
- 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
- SUP 4: 0.70913 (161.8% retracement of 0.721 and 0.74097)
AUD/USD has broken 0.7200 and declined till 0.7030 from that level. It is currently trading at 0. trend is still weak as long as resistance 0.7350 holds.
Technically Aussie short term support is at 0.7250 and any break below targets 0.7200/0.7090.
On the higher minor resistance is around 0.7290 and break above targets 0.7350/0.7400.
Bearish invalidation only above 0.7410
It is good to sell on rallies around 0.7290 with SL around 0.7355 for the TP of 0.7200/0.7090.
