AUD/USD Technical Analysis: Aussie double top at 0.7485 weekly high
|- AUD/USD bulls made a second attempt to reach the 0.7500 figure but were unable to push the market above 0.7485 the current weekly high established on Monday, suggesting bulls are running out of steam.
- The 50-period simple moving average has crossed below the 200-period SMA suggesting slowing momentum for bulls.
15-minute chart
Spot rate: 0.7460
Relative change: -0.10%
High: 0.7485
Low: 0.7429
Trend: Bearish
Resistance 1: 0.7485-0.7488-0.7494 current week’s high, 200-period SMA (4h), 50-daily SMA
Resistance 2: 0.7600 figure
Resistance 3: 0.7674 swing high
Support 1: 0.7442 June 25 high
Support 2: 0.7400 figure
Support 3: 0.7380 June 26 low
Support 4: 0.7364 June 28 high
Support 5: 0.7345 congestion zone
Support 6: 0.7310 current 2018 low
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