Search ForexCrunch
  • The Aussie is back on an upswing amidst a broad-market risk recovery, but July’s highs near 0.7480 remain the level to beat before bulls can begin marking in a consistent move higher.
  • Data for the AUD has been thin and on the disappointing side, and the current up-move sees momentum from US Dollar sell-offs.  
  • Aussie bulls are likely still on the sidelines, and a resurgence of market tensions on trade, geopolitics, or supply constraints will see a quick reversal.

AUD/USD Chart, 15-Minute

Spot rate:   0.7455
Relative change:   0.05%
High:   0.7461
Low:   0.7440
Trend:   Bullish
Support 1:   0.7440 (current day low)
Support 2:   0.7391 (previous day low)
Support 3:   0.7373 (61.8% Fibo retracement level)
Resistance 1:   0.7463 (previous day high)
Resistance 2:   0.7483 (July top)
Resistance 3:   0.7558 (R3 daily pivot)