AUD/USD struggles to break above 200 day HMA, targets 0.7200

• RES 4: 0.7416 (Jul 23^rd high)
  
  
• RES 3: 0.74028 (61.8% retracement of 0.7350 and 0.7255)
  
  
• RES 2: 0.7350 (200 day HMA)
  
  
• RES 1: 0.7321 (7 day  H EMA)

      PRICE: 0.73004@ 07:20 GMT 

• SUP 1: 0.7283 (161.8% retracement of 0.73256 and 0.7396)

• SUP 2: 0.7250 (161.8% retracement of 0.73266 and 0.74484)

• SUP 3: 0.7193 (61.8% projection of 0.7848 to 0.73266 from 0.7448)
  
  
• SUP 4: 0.7180

Aussie has made a high of 0.7350 and declined from that level.

Intraday trend is weak as long as resistance 0.7350 holds and slight bullishness can be seen if it closes above 0.7350.

Any break of 0.7350 will target 0.7380/0.7410. Overall bearish invalidation only above 0.7500.

On the downside any break below 0.7250 will drag the pair further down till 0.7193 in short term.

It is good to sell on rallies around 0.7310 with SL around 0.7350 for the TP of 0.7255/0.7195.