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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