AUD/USD Technical Analysis: AUD/USD bears hit a new 2018 low at 0.7310

• AUD/USD bears drove the market to a new 2018 low this Monday at 0.7310.
• The bear trend is strong and resistance to the upside are seen near the 0.7323 former 2018 low and 0.7345 congestion zone.  
• To the downside bears will likely target the 0.7300 figure and the 0.7246 December 25, 2016 high.  

AUD/USD 15-minute chart

Spot rate:                0.7315
Relative change:    -1.23%      
High:                       0.7413
Low:                        0.7310

Trend:                      Bearish

Resistance 1:          0.7323 former 2018 low
Resistance 2:          0.7345 congestion zone
Resistance 3:          0.7364 June 28 high
Resistance 4:          0.7380 June 26 low
Resistance 5:          0.7400 figure

Support 1:               0.7310  current 2018 low
Support 2:                0.7246 December 25, 2016 high
Support 3:                0.7159 December 25, 2016 low