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  • The Aussie is declining as market sentiment drifts on continued trade fears.
  • Soft double-bottom for the AUD/USD from 0.7345 is facing bearish pressure, the  bullish correction could end quickly.
  • Mixed indicators on lower timeframes leaves the Aussie pairing on unsure footing for Tuesday’s Asia session.

AUD/USD Chart, 15-Minute

Spot rate:   0.7416
Relative change:   0.09%
High:   0.7418
Low:   0.7410
   
Trend:   Bearish
   
Support 1:   0.7396 (previous day low)
Support 2:   0.7382 (61.8% one-week Fibo level)
Support 3:   0.7345 (previous week low; technical double-bottom)
   
Resistance 1:   0.7443 (one week high)
Resistance 2:   0.7496 (R2 daily pivot)
Resistance 3:   0.7526 (R2 weekly pivot)