7 Aug 2018
AUD/USD Technical Analysis:
- The Aussie is cycling just beneath the 0.7400 major handle for Tuesday as the latest RBA rate statement comes to bear.
- Consolidation is squeezing the AUD/USD into yearly lows.
AUD/USD Chart, 15-Minute
| Spot rate: | 0.7391 |
| Relative change: | 0.08% |
| High: | 0.7392 |
| Low: | 0.7379 |
| Trend: | Sideways |
| Support 1: | 0.7379 (current day low) |
| Support 2: | 0.7371 (61.8% Fibo retracement level) |
| Support 3: | 0.7347 (previous week low) |
| Resistance 1: | 0.7400 (major technical level) |
| Resistance 2: | 0.7440 (previous week high) |
| Resistance 3: | 0.7463 (four week high) |