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AUD/USD Technical Analysis: 0.74 slipping away ahead of RBA rate call

  • The Aussie is cycling just beneath the 0.7400 major handle for Tuesday as the latest RBA rate statement comes to bear.
  • Consolidation is squeezing the AUD/USD into yearly lows.

AUD/USD Chart, 15-Minute

Spot rate:   0.7391
Relative change:   0.08%
High:   0.7392
Low:   0.7379
   
Trend:   Sideways
   
Support 1:   0.7379 (current day low)
Support 2:   0.7371 (61.8% Fibo retracement level)
Support 3:   0.7347 (previous week low)
   
Resistance 1:   0.7400 (major technical level)
Resistance 2:   0.7440 (previous week high)
Resistance 3:   0.7463 (four week high)

 

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