AUD/USD retreats from higher levels, good to buy at dips

• RES 4: 0.8000

• RES 3: 0.7935 (22^nd May high

• RES 2: 0.7860 (200 day 4 HMA)

• RES 1 :0.7820 (7 day H EMA)

      PRICE: 0.77701@ 12:20 GMT 

• SUP 1: 0.7750 (7 day 4 H EMA)

• SUP 2:0.7708 (Kijun-Sen)

• SUP 3 : 0.7680 (20 day 4 HMA)

• SUP 4:0.7590 (Jun 1^st Low)

Commentary:

AUD/USD has made a high of 0.7817 and is retreating from that level. Overall trend is bullish as long as support  0.7720 holds

On upside the minor resistance is around 0.7820 and break above would extend gains till 0.7860

Indicator (4 hour)

 CCI (14) - Buy

CCI (50) - Buy

Ichimoku- Buy

It is good to buy at dips around 0.7750 for the target of 0.7815/0.7850 with stop around 0.7715.