- AUD/USD main bearish trend is currently in a bullish pullback for the fourth day in a row.
- AUD/USD is in a bullish channel with the 100 and 200-period simple moving average sloping upward. Since late Friday AUD/USD is having a sideways consolidation above the 0.7300 figure. The main target is 0.7345 August 3 low.
- A sustained bear breakout below 0.7255 would negate the short-term bias.
Spot rate: 0.7310
Relative change: -0.07%
High: 0.7318
Low: 0.7294
Main trend: Bearish
Short-term trend: Bullish above 0.7255
Resistance 1: 0.7345 August 3 low
Resistance 2: 0.7364 June 28 high
Resistance 3: 0.7380 June 26 low
Support 1: 0.7294 August 13 high
Support 2: 0.7255 August 13 low
Support 3: 0.7200 figure
Support 4: 0.7159 December 26, 2016 low
Support 5: 0.7100 figure