“¢ The pair once again meets with some fresh supply near the 0.7440 region and has now dropped to the post-RBA minutes/Asian session swing low. “¢ The USD is finding bids across the board and dragged the pair back towards a test of 100-hour SMA (green line), which if broken should pave the way for a follow-through weakness. “¢ Technical indicators on the hourly chart have started gaining negative momentum and thus, increase prospects for some fresh technical selling pressure. AUD/USD 1-hourly chart Spot rate: 0.7404 Daily High: 0.7438 Trend: Turning bearish again Resistance levels R1: 0.7438 (current day swing high) R2: 0.7459 (R2 daily pivot-point) R3: 0.7487 (50-day SMA) Support levels S1: 0.7389 (S2 daily pivot-point) S2: 0.7368 (last Friday’s swing low) S3: 0.7335 (horizontal zone) 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. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: Back to 1.1700 figure ahead of Fed’s Powell speech FX Street 5 years "¢ The pair once again meets with some fresh supply near the 0.7440 region and has now dropped to the post-RBA minutes/Asian session swing low. "¢ The USD is finding bids across the board and dragged the pair back towards a test of 100-hour SMA (green line), which if broken should pave the way for a follow-through weakness. "¢ Technical indicators on the hourly chart have started gaining negative momentum and thus, increase prospects for some fresh technical selling pressure. AUD/USD 1-hourly chart Spot rate: 0.7404 Daily High: 0.7438 Trend: Turning bearish again Resistance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
