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- RES 4: 0.7580 (Cloud top)
- RES 3: 0.7548 (55 day 4H EMA)
- RES 4 : 0.7532 (Jul 6th high)
- RES 3: 0.7500
PRICE: 0.7468@ 11:43 GMT
- SUP 1: 0.7430 (20 day 4 HMA)
- SUP 2: 0.7370 (Jul 8th low)
- SUP 3: 0.7326
- SUP 4: 0.7297 (161.8% retracement of 0.7371 and 0.74906)
Commentary:
AUD/USD has made a low of 0.7370 and recovered till 0.74950. Overall trend is weak as long as resistance 0.7500 holds
On the higher side any break above 0.7500 will target 0.7535/0.7560 in short term.
It is good to sell on rallies around 0.7470 with SL around 0.7505 for the TP of 0.7370/0.7305
