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  • The Aussie is lifting back away from the week’s low, but remains trapped in bearish territory.
  • The RBA’s Lowe delivered no new news during his house of Representatives testimony, with the central bank unlikely to change rates in the near future.
  • 0.7200 remains a key barrier for the AUD/USD.

AUD/USD Chart, 15-Minute

Spot rate:   0.7260
Relative change:   0.08%
High:   0.7263
Low:   0.7252
Trend:   Sideways to bearish
Support 1:   0.7252 (current day low)
Support 2:   0.7210 (previous day low)
Support 3:   0.7200 (major technical level)
Resistance 1: 0.7299 (current week high)
Resistance 2: 0.7365 (61.8% Fibo retracement level)
Resistance 3:   0.7452 (previous week low)