- AUD/USD broke below 0.7500 and is continuing the free fall. The next likely support is located at 0.7476 May 29 swing low and at 0.7412 May’s low.
- AUD/USD is probably en route to its worst daily decline since mid-March, this Thursday.
- However, if the Aussie finds support at 0.7476 swing low and rebounds, the bulls might try to reintegrate the channel in the coming sessions.
AUD/USD 15-minute chart
Spot rate: 0.7480
Relative change: -1.27%
Resistance 1: 0.7500-0.7514 area, figure and last week’s low
Resistance 2: 0.7560 last Friday’s low
Resistance 3: 0.7606, 50-period daily SMA
Resistance 4: 0.7630, 5-period daily SMA, last Friday’s high
Support 1: 0.7476 May 29 low
Support 2: 0.7412 May’s low
Support 3: 0.7327, 2017, May 7 low
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.