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