The Aussie gets familiar with the 0.7400 level as the week continues to slide. Wednesday delivers no functional events, though the US session is populated with mid-tier reports. The AUD/USD is in play near 0.7390 in the overnight session heading into Wednesday’s market action, after a thin macro calendar and market sentiment on unsure footing saw Tuesday extend the week’s declines. The Aussie continues to backslide from last week’s peak on Friday near 0.7440 as broader risk appetite continues to struggle amidst ongoing trade concerns, coupled with a very thin economic calendar that has seen little data of impact for the first half of the week. Wednesday again delivers a blank calendar for the AUD, and the AUD/USD can be expected to continue waffling against a backdrop of souring risk appetite as broader markets grapple with tensions emanating from the US over global trade. AUD/USD levels to watch As noted by FXStreet’s own Valeria Bednarik, “the 4 hours chart shows that the pair settled a few pips below a mild bullish 20 SMA, while far above the current level, the 100 SMA accelerates below the 200 SMA, a sign that bears maintain control of the pair. In the same chart, technical indicators entered negative territory, the Momentum now flat and the RSI still heading south at around 42, favoring additional declines on a break below 0.7380, the immediate support, toward fresh yearly lows near 0.7300.” Support levels: 0.7380 0.7345 0.7310 Resistance levels: 0.745 0.7470 0.7505 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Key details from the overnight – TDS FX Street 5 years The Aussie gets familiar with the 0.7400 level as the week continues to slide. Wednesday delivers no functional events, though the US session is populated with mid-tier reports. The AUD/USD is in play near 0.7390 in the overnight session heading into Wednesday's market action, after a thin macro calendar and market sentiment on unsure footing saw Tuesday extend the week's declines. The Aussie continues to backslide from last week's peak on Friday near 0.7440 as broader risk appetite continues to struggle amidst ongoing trade concerns, coupled with a very thin economic calendar that has seen little data of impact for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.