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13 Aug 2018
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.
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) |