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- RES 3: 0.7930 (May 22nd high)
- RES 2: 0.7860
- RES 1 : 0.7820 (Jun 3rd high)
- RES 1 : 0.7790 (20 day HMA)
PRICE: 0.7756 @ 10:09 GMT
- SUP 2: 0.7740 (20 day HMA)
- SUP 3: 0.7710 (55 day 4 H EMA)
- SUP 4 :0.7670 (Jun 12th low)
- SUP 4 : 0.7640 (Jun 17th low)
Commentary:
Aussie has retreated after making a high of 0.7845. Overall trend is bearish as long as resistance 0.7850 holds.
On the upside minor resistance is around 0.7850 and break above would extend gains till 0.7930.
The minor resistance are 0.7780/0.7820.
Short term weakness only below 0.7740.
It is good to sell on rallies around 0.7800 with SL around 0.7850 for the TP of 0.7670.
