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9 Jul 2018
AUD/USD Technical Analysis: Aussie getting some lift in early Monday action
- 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.
AUD/USD Chart, 15-Minute
| 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) |