AUD/USD Technical Analysis: Aussie finds resistance at 0.7400 after head-and-shoulder formation

• AUD/USD found resistance at the 0.7442 June 25 high and formed a head-and-shoulder-pattern which potentially have bearish implications.  
• A bear breakout can lead toward 0.7345 congestion zone.  

AUD/USD 15-minute chart

Spot rate:                0.7385
Relative change:     0.03%      
High:                       0.7426
Low:                        0.7373

Trend:                       Bearish

Resistance 1:          0.7400 figure
Resistance 2:          0.7442 June 25 high
Resistance 3:          0.7476 May 30 low

Support 1:           0.7380 June 26 low
Support 2:           0.7364 June 28 high
Support 3:           0.7345 congestion zone
Support 4:           0.7323 former 2018 low
Support 5:           0.7310 current 2018 low
Support 6:           0.7246 December 25, 2016 high
Support 7:           0.7159 December 25, 2016 low