- AUD/USD main bear trend remains intact as the bears are defending the 50-day simple moving average and the multi-month trendline.
- AUD/USD rejected the 0.7300 figure and is now challenging the 0.7200 level. The RSI, MACD and Stochastics are decelerating suggesting the bear move might continue.
- The bear targets to the downside can be located near 0.7144 September 5 low and 0.7085, current 2018 low. However, a bull breakout above 0.7300 would invalidate the bearish bias.
Spot rate: 0.7219
Relative change: -0.53%
High: 0.7270
Low: 0.7209
Main trend: Bearish
Resistance 1: 0.7236 August 24 low
Resistance 2: 0.7255 August 13 low
Resistance 3: 0.7294-0.7307 August 13 high, 50 DMA
Resistance 4: 0.7383 August 21 high
Resistance 5: 0.7485 July 10 high
Support 1: 0.7200 figure August 15 low
Support 2: 0.7144 September 5 low
Support 3: 0.7085, current 2018 low
Support 4: 0.7000 figure
Support 5: 0.6830 January 15, 2016 low