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AUD/USD Technical Analysis: trying to recover to 0.72

  • The Aussie is trying to recover a slip early on Friday as market sentiment swirls.
  • Aussie Home Lonas data beat expectations, printing at 0.4% (forecast 0.0%), helping to provide support.
  • Despite a heavy week of data releases, this week sees the AUD/USD sideways.

AUD/USD Chart, 15-Minute

Spot rate: 0.7187
Relative change: -0.11%
High: 0.7201
Low: 0.7178
   
Trend: Sideways
   
Support 1: 0.7178 (current day low)
Support 2: 0.7144 (current week low)
Support 3: 0.7100 (major technical level)
   
Resistance 1: 0.7210 (previous day high)
Resistance 2: 0.7228 (200-hour EMA)
Resistance 3: 0.7235 (current week high)

 

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