AUD/USD breaks major support 0.7780, decline till 0.7680 is possible

• RES 4: 0.7985 (200 day HMA)

• RES 3: 0.7935 (cloud bottom)

• RES 2: 0.7915 (trend line resistance)

• RES 1:0.7850 (Support turned into resistance)

      PRICE: 0.77894 @ 12:15 GMT 

• SUP 1 :0.7785 (May 5^th high)

• SUP 2: 0.7715

• SUP 3: 0.7680 (Apr 21^st low)

• Sup 4: 0.7630

Commentary:

AUD/USD has broken short term support 0.7780 and decline till 0.7680 cannot be ruled out.

On downside the minor support is around 0.7780 and below that it can reach till 0.7715/0.7681.

Indicator (1 hour)

 CCI (14) - Sell

CCI (50) - Sell

Ichimoku- Sell

It is good to sell on rallies around 0.7915 for the target of 0.7860/0.7785 with stop around 0.7985.