AUD/USD Technical Analysis: Aussie bulls challenging the 0.7400 figure

• AUD/USD had a 65-pip boost this Friday and found resistance at the 0.7400 level.  
• AUD/USD formed a golden cross where the 50-period simple moving average crossed above the 200-period SMA which is seen as a bullish signal.
• AUD/USD is currently finding support at the 50-period SMA and at 0.7380 Tuesday’s low. A breakout above 0.7400 can lead to a retest of the weekly highs near the 0.7440 level.

AUD/USD 15-minute chart

Spot rate:                 0.7387
Relative change:      0.48%      
High:                        0.7402
Low:                         0.7334

Trend:                      Neutral

Resistance 1:          0.7400 figure
Resistance 2:          0.7425 Tuesday’s high
Resistance 3:          0.7446 last week’s high
Resistance 4:          0.7476 May 29 low

Support 1:               0.7380 Tuesday’s low
Support 2:               0.7364 Thursday high
Support 3:               0.7345 current 2018 low
Support 4:               0.7327 May 9, 2017 low