AUD/USD is struggling to break 200 day HMA, decline till 0.7530

•RES 4: 0.7785 (61.8% retracement of 0.7937 and 0.75322)

•RES 3: 0.7738 (Apr 9th high)

•RES 2: 0.7695

•RES 1: 0.7642 (200 day HMA)

PRICE: 0.7589 @ 7:12 GMT

•SUP 1: 0.7570 (Apr 6th low)

•SUP 2: 0.7530 (Apr 2nd Low)

•SUP 3: 0.7500

•SUP 4: 0.7406 (161.8% retracement of 0.75322)

AUD/USD has slightly recovered after making a low of 0.7550. Overall trend is weak as long as resistance 0.7640 holds.

On the downside minor support is around 0.7570 and break below will drag the pair further down till 0.7570/0.7530.

Indicator (1 hour)

Woodies CCI (14) – Neutral

CCI (50) - Sell

It is good to sell around 0.7620 for the target of 0.7530 with stop around 0.7650.