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11 Jun 2018
AUD/USD Technical Analysis: Aussie floats at the 0.76 level on holiday Monday
- Aussie is rebounding from recent bottom, but downside pressure could pile on this week after Aussie's Monday holiday.
- Holiday-bound Aussie floats at major handle between levels.
- Hourly technical indicators are reaching overbought conditions quickly.
AUD/USD Chart, 1-Hour
Spot rate: 0.7606
Relative change: 0.23%
High: 0.7613
Low: 0.7588
Trend: Bullish
Support 1: 0.7588 (current day's low)
Support 2: 0.7559 (last week's low)
Support 3: 0.7475 (two-week low)
Resistance 1: 0.7613 (current day's high; 50-hour EMA)
Resistance 2: 0.7632 (one-week 61.8% Fibo level)
Resistance 3: 0.7676 (one month high)