Home AUD/USD Technical Analysis: Aussie getting some lift in early Monday action
FXStreet News

AUD/USD Technical Analysis: Aussie getting some lift in early Monday action

  • The Aussie is boosting higher on Monday as the US Dollar recedes, pushing the AUD into a new three-week high.
  • The pair is correcting from July’s 18-month low, and plenty of upside room to move is in place after June’s decline from 0.7676.
  • A Long-term bearish trend is still in place with lower lows/lower highs marked clearly on Daily candles.

AUD/USD Chart, 15-Minute

Spot rate:   0.7448
Relative change:   0.25%
High:   0.7450
Low:   0.7427
   
Trend:   Bullish
   
Support 1:   0.7375 (Friday low)
Support 2:   0.7348 (S2 daily pivot)
Support 3:   0.7309 (previous week low)
   
Resistance 1:   0.7475 (100.0% Fibo expansion level)
Resistance 2:   0.7560 (June 8th swing low)
Resistance 3:   0.7623 (June 12th high)

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.