- RES 4: 0.74275 (Aug 4th high)
- RES 3: 0.7410
- RES 2: 0.7363 (200 day 4HMA)
- RES 1: 0.7333 (20 day 4HMA)
PRICE: 0.7330 @11:41 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
AUD/USD has broken 0.7300 and declined till 0.7280 from that level. Overall trend is still weak as long as resistance 0.7370 holds.
Technically Aussie short term support is at 0.7280 and any break below targets 0.7250/0.7210.
On the higher minor resistance is around 0.7410 and break above targets 0.7445/0.7490.
Bearish invalidation only above 0.7410
It is good to sell on rallies around 0.7335-40 with SL around 0.7370 for the TP of 0.7250/0.7230.
