- Trade concerns and slumping metals prices are driving the Aussie lower against the Greenback.
- The AUD’s bullish correction has ended and the pair is now heading to make a new low for 2018.
- Daily candles show the pair swinging away from a new lower high.
Spot rate: | 0.7366 |
Relative change: | Negligible |
High: | 0.7369 |
Low: | 0.7359 |
Trend: | Bearish |
Support 1: | 0.7359 (current day low) |
Support 2: | 0.7309 (2018 low) |
Support 3: | 0.7233 (S3 daily pivot) |
Resistance 1: | 0.7429 (61.8% Fibo retracement level) |
Resistance 2: | 0.7472 (July 10th swing high) |
Resistance 3: | 0.7483 (current week high) |