AUD/USD Technical Analysis: Bulls erasing Thursday’s losses and regaining the 0.7400 figure

• AUD/USD bulls regained Thursday’s losses this Friday. They managed to break above 0.7400 which is now acting as support.  
• Bulls objective is to breakout above 0.7413, the Thursday and Friday’s highs, in order to initially reach 0.7442 July 31 high and then 0.7463.  
• On the flip side, bears want to break below the 0.7400 figure in order to reach 0.7380 and 0.7364 June 28 high.  

AUD/USD 15-minute chart

Spot rate:                 0.7404
Relative change:      0.61%      
High:                        0.7413
Low:                         0.7347

Trend:                       Neutral to bullish

Resistance 1:          0.7413 current August 3 high
Resistance 2:          0.7442 July 31 high
Resistance 3:          0.7463 July 26 high
Resistance 4:          0.7500 figure
Resistance 5:          0.7600 figure
Resistance 6:          0.7674 swing high

Support 1:               0.7400 figure
Support 2:               0.7380 June 26 low
Support 3:               0.7364 June 28 high
Support 4:               0.7345 congestion zone
Support 5:               0.7310 current 2018 low