AUD/USD technical analysis: bulls target 100-D SMA in channel resistance breakout

• Bulls in control, breaking descending trend line resistance.
• 100-D SMA is a key target.
• Pull back into channel opens risk back to 0.7420.

Daily chart

Spot rate:                     0.7649
Relative change:         1.06%    
High:                             0.7668
Low:                              0.7560

Trend:                           Bullish

Support 1:                      0.7561 23,6%-1D Fib, 10-D SMA, descending support line            
Support 2:                      0.7538  61,8%-1D  Fib                         
Support 3:                    0.7470 double bottom low, guarding descending channel support at 0.7420

                               
Resistance 1:              0.7668 (high)
Resistance 2:               0.7720  
Resistance 3:               0.7741