AUD/USD Technical Analysis: AUD/USD under pressure is nearing the 0.7500 level
|- AUD/USD is trading near 9-day’s low as it is approaching a trendline and the 0.7500 figure.
- Although the near-term trend is bearish traders might expect some support near the trendline and the 0.7500 level as the sell-off is rather climactic.
AUD/USD 15-minute chart
Spot rate: 0.7512
Relative change: -0.88%
High: 0.7584
Low: 0.7510
Trend: Bearish
Resistance 1: 0.7560 last Friday’s low
Resistance 2: 0.7606, 50-period daily SMA
Resistance 3: 0.7630, 5-period daily SMA, last Friday’s high
Resistance 4: 0.7678 June’s high
Support 1: 0.7500-0.7514 area, figure and last week’s low
Support 2: 0.7476 May 29 low
Support 3: 0.7412 May’s low
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