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AUD/USD Technical Analysis: risk aversion keeping the AUD restrained despite testing bulls

  • A flattening Aussie is looking for encouragement to find the strength to make a run for higher resistance levels as 0.7450 remains in place, boxing in buyers.
  • Current swing highs still being capped near the 0.7450 level.  

AUD/USD Chart, 15-Minute

Spot rate:   0.7377
Relative change:   negligible
High:   0.7384
Low:   0.7371
   
Trend:   Flat to bearish
   
Support 1:   0.7363 (61.8% Fibo rteracement level)
Support 2:   0.7351 (Friday low)
Support 3:   0.7288 (S3 daily pivot)
   
Resistance 1:   0.7391 (38.2% Fibo retracement level)
Resistance 2:   0.7427 (current week high)
Resistance 3:   0.7472 (July 1oth low)

 

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