AUD/USD technical analysis chart — support and resistance levels


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A snippet from SG on the Australian dollar. I was particularly interested in what they had to say about the 0.7300 area

Turns out, not a lot.
Ah well.

Société Générale nominates resistance levels:

  • 0.7385/0.7400 
  • 0.7430 
  • 0.7486/0.7500

Support:

  • .7140/35 
  • 0.7165 
  • 0.7220/15

AUD/USD has tentatively probed the graphical support of 0.7140/0.71 which represents the lows of May / December 2016. In case of definite break below, next objective will be at the lows formed in January 2016 at 0.6825 which is the potential of a double top too. 0.7385 is first layer of resistance while 0.7486/0.75 should be key.

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