- The Aussie is boosting higher on Monday as the US Dollar recedes, pushing the AUD into a new three-week high.
- The pair is correcting from July’s 18-month low, and plenty of upside room to move is in place after June’s decline from 0.7676.
- A Long-term bearish trend is still in place with lower lows/lower highs marked clearly on Daily candles.
Spot rate: | 0.7448 |
Relative change: | 0.25% |
High: | 0.7450 |
Low: | 0.7427 |
Trend: | Bullish |
Support 1: | 0.7375 (Friday low) |
Support 2: | 0.7348 (S2 daily pivot) |
Support 3: | 0.7309 (previous week low) |
Resistance 1: | 0.7475 (100.0% Fibo expansion level) |
Resistance 2: | 0.7560 (June 8th swing low) |
Resistance 3: | 0.7623 (June 12th high) |