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  • Aussie clambering upwards heading through Tuesday  trading as traders finish digesting the latest dovish showing from the RBA, as expected.
  • Higher timeframes have been marking in higher lows, but bulls remain vexed by the major 0.7500 technical barrier.
  • Long-term bullish momentum may be hard to come across as long as the RBA remains on hold on interest rates for the indeterminate future.

AUD/USD Chart, 15-Minute

Spot rate:   0.7434
Relative change:   0.25%
High:   0.7437
Low:   0.7401
Trend:   Flat to bullish
Support 1:   0.7401 (current day low)
Support 2:   0.7390 (61.8% Fibo retracement level)
Support 3:   0.7359 (previous week low)
Resistance 1:   0.7441 (current week high)
Resistance 2:   0.7459 (R2 daily pivot)
Resistance 3:   0.7474 (R3 daily pivot)