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Aussie trades in narrow range, good to buy on breakout

  • RES 4: 0.7850

  • RES 3: 0.7817 (Jun 3rd high)

  • RES 2: 0.7780(Jun 15th high)

  • RES 1: 0.7767 (Jun 11th high)

      PRICE: 0.7737 @ 10:52 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 taken support around 0.7670 (trend line joining 0.7604 and 0.7634) and jumped till 0.7780 level. It is

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 0.7790/0.7815.

 

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