AUD/USD is struggling to break 200 day 4 HMA, good to buy at dips

• RES 4: 0.7930 (May 22^nd high)
  
  
• RES 3: 0.7846 (200 day 4 HMA)

• RES 4: 0.7820 (Jun 3^rd 2015)
  
  
• RES 3: 0.7780

      PRICE: 0.7725 @ 11:53 GMT 

• SUP 1: 0.7737 (20 day 4 H EMA)

• SUP 2:0.7690 (55 day 4 H EMA)

• SUP 3 : 0.7630

• SUP 4: 0.7590 (Jun 5^th low)

Commentary:

AUD/USD is trading well above ichimoku (Ten ken-Sen and Kijun-Sen) and is expected to reach till 0.7860 in short term.

Short term weakness only if it breaks below 0.7690. Any break below will drag the pair further down till 0.7630/0.7590.

Indicator (4 hour)

 CCI (14) - Buy

CCI (50) -Buy

Ichimoku- Buy

It is good to buy at dips around 0.7725 with SL around 0.7690 for the TP of 0.7790/0.7850.