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  • AUD/USD gained almost 100 pips after reaching a new 2018 low at 0.7345 on Thursday. It is currently consolidating the recent advance trading near the 50-period simple moving average on the 15-minute chart.  
  • AUD/USD is currently supported close to 0.7410, near Wednesday’s high. A breakout above 0.7444 could lead to a breakout towards 0.7500-0.7514 area, figure and last week’s low.  
     

AUD/USD 15-minute chart

Spot rate:                 0.7427
Relative change:      0.66%      
High:                        0.7444
Low:                         0.7373

Trend:                      Bullish above 0.7345

Resistance 1:           0.7444 current Friday’s high
Resistance 2:           0.7476 May 29 low
Resistance 3:           0.7500-0.7514 area, figure and last week’s low  
   
Support 1:               0.7410 Wednesday’s high
Support 2:               0.7345 current 2018 low
Support 3:               0.7327 May 9, 2017 low