24 Sep 2018
AUD/USD Technical Analysis: Aussie looking for some bullish juice after bearish gap
- The Aussie heads into the new trading week in a precarious technical stance, with Monday kicking off with a sharp downside gap for the AUD/USD after weekend headlines reported that China has snubbed the idea of any more trade talks with the US.
- The AUD peaked just north of the 0.7300 major handle last week, and buyers will be hoping that broader market sentiment holds steady long enough for another run at 0.73.
AUD/USD Chart, 1-Hour
| Spot rate | 0.7271 |
| Current week change | 0.15% |
| Previous week high | 0.7304 |
| Current week low | 0.7260 |
| Support 1 | 0.7236 (21-day EMA) |
| Support 2 | 0.7228 (200-hour EMA) |
| Support 3 | 0.7085 (2018 current low) |
| Resistance 1 | 0.7291 (50-day EMA) |
| Resistance 2 | 0.7381 (August 21st swing high) |
| Resistance 3 | 0.7499 (200-day EMA) |