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  • AUD/USD found some resistance a little above 0.7476 May 30 low near the 50-period simple moving avearge on the daily chart.
  • The last AUD/USD 120-pip bull run was lead by some strength in gold (AUD is positively correlated to it) and USD weakness. Now gold is weakening and USD is gaining some steam favoring AUD/USD bearish bias.
  • If the bear pullback  extends supports are likely seen near 0.7442 June 25 high and 0.7400 figure.

AUD/USD 15-minute chart  

Spot rate:                0.7466
Relative change:     0.46%      
High:                       0.7485
Low:                        0.7427

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

AUD/USD daily chart