AUD/USD Technical Analysis: bulls manage to close opening gap

Aussie closes weekend gap, but rolls back over into bearish territory.
Data-thin Monday sees broad-market concerns controlling sentiment direction.
Failure to hold at 0.7270 will see an extended slide.

Joshua Gibson FXStreet

AUD/USD Chart, 15-Minute

Spot rate:	0.7278
Relative change:	0.09%
High:	0.7299
Low:	0.7269

Trend:	Bearish

Support 1:	0.7269 (current low; major technical bottom)
Support 2:	0.7191 (technical bottom, 2017)
Support 3:	0.7158 (S3 daily pivot)

Resistance 1:	0.7340 (38.2% Fibo retracement level)
Resistance 2:	0.7382 (August 8th swing low)
Resistance 3:	0.7455 (previous week high)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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