AUD/USD Technical Analysis: Aussie catches a half-hearted bounce from Tuesday's low

  • Tuesday's dip sees little rebound, indicators are heading towards further sell signals.
  • Bullish divergence on MACD should give shortside traders a cautionary sign.
  • Economic calendar clear of any meaningful data for Wednesday, market focus will remain on trade war fears.

AUD/USD Chart, 1-Hour

Spot rate:            0.7381
Relative change: 0.17%
High:                   0.7382
Low:                    0.7368

Trend:                 Bearish

Support 1:           0.7347 (current week low)
Support 2:           0.7315 (S2 1-week pivot)
Support 3:           0.7192 (S3 1-week pivot)

Resistance 1:      0.7447 (38.2% Fibo 1-week level)
Resistance 2:      0.7508 (61.8% Fibo 1-week level)
Resistance 3:      0.7565 (R1 1-week pivot)

New Zealand Current Account - GDP Ratio in line with forecasts (-2.8%) in 1Q

New Zealand Current Account - GDP Ratio in line with forecasts (-2.8%) in 1Q
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NZD/USD Technical Analysis: Kiwi slumps into 0.69, bullish opportunities are looking thin

NZD/USD Chart, 1-Hour Spot rate:            0.6898 Relative change: Negligible High:                   0.6900 Low:                    0.6888 Tr
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