AUD/USD Technical Analysis: Aussie floats at the 0.76 level on holiday Monday

• Aussie is rebounding from recent bottom, but downside pressure could pile on this week after Aussie’s Monday holiday.
• Holiday-bound Aussie floats at major handle between levels.
• Hourly technical indicators are reaching overbought conditions quickly.

AUD/USD Chart, 1-Hour

Spot rate: 0.7606
Relative change: 0.23%
High: 0.7613
Low: 0.7588

Trend: Bullish

Support 1: 0.7588 (current day’s low)
Support 2: 0.7559 (last week’s low)
Support 3: 0.7475 (two-week low)

Resistance 1: 0.7613 (current day’s high; 50-hour EMA)
Resistance 2: 0.7632 (one-week 61.8% Fibo level)
Resistance 3: 0.7676 (one month high)