The Aussie is testing into recent highs, and consistent technical constraint at recent swing highs leads the AUD/USD to be primed for another bearish rollover. Failure to push upwards and claim last week’s highs above 0.7440 will see a quick turnaround into recent lows targeting 0.7300. The Aussie sees little data ahead of Wednesday’s CPI reading, and traders may be looking to fade a potentially bullish showing for a positive Australian data release. AUD/USD Chart, 15-Minute Spot rate: 0.7425 Relative change: 0.16% High: 0.7436 Low: 0.7414 Trend: Flat to bullish Support 1: 0.7391 (38.2% Fibo retracement level) Support 2: 0.7353 (common constraint level) Support 3: 0.7317 (previous week low) Resistance 1: 0.7440 (July 19th swing high) Resistance 2: 0.7483 (July high) Resistance 3: 0.7504 (R2 daily pivot) 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 BOJ announces special JGB buying operation FX Street 5 years The Aussie is testing into recent highs, and consistent technical constraint at recent swing highs leads the AUD/USD to be primed for another bearish rollover. Failure to push upwards and claim last week's highs above 0.7440 will see a quick turnaround into recent lows targeting 0.7300. The Aussie sees little data ahead of Wednesday's CPI reading, and traders may be looking to fade a potentially bullish showing for a positive Australian data release. AUD/USD Chart, 15-Minute Spot rate: 0.7425 Relative change: 0.16% High: 0.7436 Low: 0.7414 Trend: Flat to bullish Support 1: … 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.
