Search ForexCrunch
  • The Aussie is down into familiar lows from July’s consolidation ahead of Australian Retail Sales, but the upcoming US NFP release will likely see many traders sitting out for now.
  • A bullish recovery for the AUD/USD is going to have to clear out July’s peaks above 0.74 and make an approach to 0.75 in order to avoid dropping back into the pair’s sideways range.

AUD/USD Chart, 15-Minute

Spot rate:   0.7361
Relative change:   0.05%
High:   0.7365
Low:   0.7356
Trend:   Bearish
Support 1:   0.7354 (current week low)
Support 2:   0.7342 (July 18th swing low)
Support 3:   0.7317 (four week low)
Resistance 1:   0.7387 (38.2% Fibo retracement level)
Resistance 2:   0.7410 (previous day high)
Resistance 3:   0.7440 (current week high)