AUD/USD Technical Analysis: Aussie falling to a new 2018 low, bears looking at 0.7200 target

AUD/USD is trading to new 2018 lows as USD is having a boost across the board.
AUD/USD bears next objective is to reach the 0.7200 figure and 0.7159 December 26, 2016 low.
Resistances to the upside become 0.7255 and 0.7294 August 13 high.

Flavio Tosti Independent Analyst

AUD/USD 15-minute chart

AUD/USD daily chart

Spot rate: 0.7235
Relative change: -0.46%
High: 0.7285
Low: 0.7232

Trend: Bearish

Resistance 1: 0.7255 August 13 low
Resistance 2: 0.7294 August 13 high
Resistance 3: 0.7345 demand level
Resistance 4: 0.7364 June 28 high
Resistance 5: 0.7380 June 26 low
Resistance 6: 0.7400 figure
Resistance 7: 0.7413 current August 3 high
Resistance 8: 0.7442 July 31 high
Resistance 9: 0.7463 July 26 high

Support 1: 0.7200 figure
Support 2: 0.7159 December 26, 2016 low
Support 3: 0.7100 figure

Author

Flavio Tosti

Independent Analyst

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