- The Aussie heads into the new trading week in a precarious technical stance, with Monday kicking off with a sharp downside gap for the AUD/USD after weekend headlines reported that China has snubbed the idea of any more trade talks with the US.
- The AUD peaked just north of the 0.7300 major handle last week, and buyers will be hoping that broader market sentiment holds steady long enough for another run at 0.73.
| Spot rate | 0.7271 |
| Current week change | 0.15% |
| Previous week high | 0.7304 |
| Current week low | 0.7260 |
| Support 1 | 0.7236 (21-day EMA) |
| Support 2 | 0.7228 (200-hour EMA) |
| Support 3 | 0.7085 (2018 current low) |
| Resistance 1 | 0.7291 (50-day EMA) |
| Resistance 2 | 0.7381 (August 21st swing high) |
| Resistance 3 | 0.7499 (200-day EMA) |
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