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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: 0.73705 @ 11:06 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:
Intraday trend- Bullish
Short term trend - Bearish
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 0.7400 with SL around 0.7365 for TP of 0.7450/0.7495.
