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  • 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.

AUD/USD Chart, 15-Minute

Spot rate:   0.7380
Relative change:   -0.05%
High:   0.7387
Low:   0.7378
Trend:   Bearish
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)