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- RES4: 0.8162 (May 14th high)
- RES 4: 0.8062 (Support turned into resistance)
- RES 3: 0.7985 (200 day HMA)
- RES2: 0.7935 (cloud bottom)
PRICE: 0.7924 @ 06:51 GMT
- SUP 1:0.7860 (May 8th low)
- SUP 2 :0.7785 (May 5th high)
- SUP3: 0.7715
- SUP4: 0.7680 (Apr 21st low)
Commentary:
AUD/USD has broken trend line resistance and jump till 0.7985/0.800 is possible.
The minor resistance is around 0.7935 and break above will extend gains till 0.7985/0.8000.
Indicator (1 hour)
CCI (14) - Buy
CCI (50) - Buy
Ichimoku- Buy
It is good to buy around 0.7905-10 with stop around 0.7860 for the target of 0.7985/0.8000.
