AUD/USD Technical Analysis: bulls manage to close opening gap
|- Aussie closes weekend gap, but rolls back over into bearish territory.
- Data-thin Monday sees broad-market concerns controlling sentiment direction.
- Failure to hold at 0.7270 will see an extended slide.
Spot rate: | 0.7278 |
Relative change: | 0.09% |
High: | 0.7299 |
Low: | 0.7269 |
Trend: | Bearish |
Support 1: | 0.7269 (current low; major technical bottom) |
Support 2: | 0.7191 (technical bottom, 2017) |
Support 3: | 0.7158 (S3 daily pivot) |
Resistance 1: | 0.7340 (38.2% Fibo retracement level) |
Resistance 2: | 0.7382 (August 8th swing low) |
Resistance 3: | 0.7455 (previous week high) |
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