AUD/USD is looking badly
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4H Chart
Daily Chart
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s. In the meantime, AUD/USD stabilized below its 50 & 100-day MA for the first time since early April, which could mean that the demand is no longer there at the current levels. Therefore, AUD/USD may decline further in the next few days, while any upside move is likely to remain capped below 0.7730’s. On the downside view, the next support area stands at 0.7650’s as it represents its 200-day MA.
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 0.7647 | 0.7679 | 0.7695 | 0.7711 | 0.7727 | 0.7743 | 0.7775 |