AUD/USD Technical Analysis: Aussie continues the fall down near 4-week’s low

• AUD/USD is down about 20 pips on Friday as bears are extending the bear move from Thursday.  
• Bears are now about 40 pips away from the 2018 low at 0.7414 established on May 9.  
• AUD/USD is facing a support at 0.7445 and if the market breaks through it there is nothing much in the way to reach the 2018 low.

AUD/USD 15-minute chart

Spot rate:                 0.7452
Relative change:     -1.27%      
High:                        0.7482
Low:                         0.7445

Trend:                      Bearish    

Resistance 1:           0.7476 May 29 low
Resistance 2:           0.7500-0.7514 area, figure and last week’s low  
Resistance 3:           0.7560 last Friday’s low    
Resistance 4:           0.7606, 50-period daily SMA    

 
Support 1:                0.7445 May 16 low
Support 2:                0.7412, 2018 low
Support 3:                0.7327, 2017, May 9 low