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- RES 3: 0.7930 (May 22nd high)
- RES 2: 0.7860
- RES 1 : 0.7820 (Jun 3rd high)
- RES 1 : 0.7771 (20 day HMA)
PRICE: 0.7760 @ 11:07 GMT
- SUP 1: 0.7730 (Jun 19th low)
- SUP 2 :0.7670 (Jun 12th low)
- SUP 3 : 0.7640 (Jun 17th low)
- SUP 4: 0.7590 (Jun 6th low)
Commentary:
AUD/USD has recovered after making a low of 0.7730 level. Intraday trend is bullish as long as support 0.7720 is intact.
On the higher side any break above 0.7780 will target 0.7845/0.7935 in short term.
It is good to buy at dips around 0.7750 with SL around 0.7720 for the TP of 0.7845/0.7900.
