Description
⋅ •RES 4: 0.78025 (28th Jan high)
•RES 3: 0.7938 (24th Mar high)
•RES 2: 0.7880 (26th Mar high)
•RES 1: 0.7840
PRICE: 0.7766 @ 12:34 GMT
•SUP 1: 0.7775
•SUP 2: 0.773 (38.2% retracement of 0.75540 and 0.7841)
•SUP 3: 0.7699 (200 day 4HMA)
•SUP 4: 0.7650
AUD/USD has made a high of 0.7840 and retreated from that level. Short term trend is weak as long as resistance 0.7850 holds
On the downside minor support is around 0.7750 and break below will drag the pair further down till 0.7695/0.7650.
Indicator (4 hour)
Woodies CCI (14) – Neutral
CCI (50) – Sell
Ichimoku-Neutral
It is good to Sell around 0.7800 for the target of 0.7650 with stop around 0.7850.