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- RES 4: 0.7500
- RES 3: 0.7495 (Jul 13th high)
- RES 2: 0.7436 (Jul 16th high)
- RES 1: 0.7390 ( 20 day 4 H EMA)
PRICE: 0.73705 @ 10:33 GMT
- SUP 1: 0.7370 (Jul 8th low)
- SUP 2: 0.7326
- SUP 3: 0.7297 (161.8% retracement of 0.7371 and 0.74906)
- SUP 4: 0.7283 (161.8% retracement of 0.73256 and 0.7396)
Commentary:
AUD/USD has made a low of 0.7325 in the Asian session and recovered from that level till 0.73950. Overall trend is weak as long as resistance 0.7435 holds
On the higher side minor resistance is around 0.7400 and break below will target 0.7435/0.7480.
Overall bearish invalidation only if it closes above 0.7500.
It is good to sell on rallies around 0.7400 with SL around 0.7440 for the TP of 0.7340/0.7320
