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  • AUD/USD bulls made a second attempt to reach the 0.7500 figure but were unable to push the market above 0.7485 the current weekly high established on Monday, suggesting bulls are running out of steam.
  • The 50-period simple moving average has crossed below the 200-period SMA suggesting slowing momentum for bulls.
     

15-minute chart  

Spot rate:                0.7460
Relative change:      -0.10%      
High:                       0.7485
Low:                        0.7429

Trend:                      Bearish

Resistance 1:          0.7485-0.7488-0.7494 current week’s high, 200-period SMA (4h), 50-daily SMA
Resistance 2:          0.7600 figure
Resistance 3:          0.7674 swing high

Support 1:           0.7442 June 25 high
Support 2:           0.7400 figure
Support 3:           0.7380 June 26 low
Support 4:           0.7364 June 28 high
Support 5:           0.7345 congestion zone
Support 6:           0.7310 current 2018 low