AUD/USD Technical Analysis: Aussie under pressure struggles to regain the 0.7600 level

In the early European session, bulls lifted Aussie near the 0.7600 level but were blocked by the 200-period simple moving average (15m).
AUD/USD bears are slightly in control as the market is trading below the bear trendline and the 200-period SMA.
However, a breakout above the 0.7600 level and the bear trendline could see a retest of the weekly highs near 0.7630.

Flavio Tosti Independent Analyst

AUD/USD 15-minute chart

Spot rate: 0.7607
Relative change: 0.19%
High: 0.7594
Low: 0.7555

Trend: Bearish

Resistance 1: 0.7606, 50-period daily SMA
Resistance 2: 0.7630, 5-period daily SMA, last Friday’s high
Resistance 3: 0.7678 June’s high
Resistance 4: 0.7754, 200-period SMA

Support 1: 0.7560 last Friday’s low
Support 2: 0.7514 last week’s low
Support 3: 0.7412 May’s low

Author

Flavio Tosti

Independent Analyst

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