AUD/USD has retreated after making high of 0.7845.It has formed temporary top around 0.7876 and any further bullishness can be seen only above that level.
The major support is between 0.7800 (Ichimoku cloud bottom)-0.7770 (200 day HMA). Any break below will invalidate the bullish trend and further fall till 0.7720/0.7689 cannot be ruled out.
The pair’s minor resistance around 0.78450 and above will target 0.7875/0.7920.
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell AUD/USD around 0.7800, SL 0.7850, Targets 0.7720/0.7690.
The major support is between 0.7800 (Ichimoku cloud bottom)-0.7770 (200 day HMA). Any break below will invalidate the bullish trend and further fall till 0.7720/0.7689 cannot be ruled out.
The pair’s minor resistance around 0.78450 and above will target 0.7875/0.7920.
Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell AUD/USD around 0.7800, SL 0.7850, Targets 0.7720/0.7690.