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 , good to buy at dips - EconoTimes)
- RES 4: 0.7817 (Jun 3rd high)
- RES 3: 0.7767 (Jun 11th high)
- RES 4: 0.7740 (20 day HMA)
- RES 3: 0.7711 (200 day HMA)
PRICE: 0.7716 @ 10:22 GMT
- SUP 1: 0.7670 (trend line joining 0.7600 and 0.7640)
- SUP 2: 0.7630
- SUP 3: 0.7590 (Jun 5th low)
- SUP 4 :0.7530 (Apr 2nd low)
Commentary:
Aussie has formed double bottom around 0.7690 and recovered from that level. Further weakness can be seen only below that level.
On the upside minor resistance is around 0.7760 and break above would extend gains till 0.7820/0.7850.
It is good to buy at dips around 0.7690 with SL around 0.7670 for the TP of 0.7760/0.7790.
