- 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.
Spot rate: 0.7607
Relative change: 0.19%
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
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