- Aussie flubbed Tuesday as the Greenback rebounded against broader markets on a hawkish showing from Fed chair Powell.
- Wednesday sees little action on the Aussie calendar, AUD/USD to be driven by market sentiment which currently leans Dollar-positive.
- A break into recent lows will see a fresh challenge of the year’s bottom near 0.7310.
|Support 1:||0.7375 (previous day low)|
|Support 2:||0.7359 (previous week low)|
|Support 3:||0.7309 (2018 low; major technical bottom)|
|Resistance 1:||0.7400 (major technical level)|
|Resistance 2:||0.7416 (61.8% Fibo retracement level)|
|Resistance 3:||0.7441 (current week high)|