0.7890 worked as support in February and resistance in October. 0.7810 was a swing high in mid-April.
0.7730 capped the pair in early April. 0.7675 provides some support in March and is another stepping stone.
Further below, 0.7640 was a stubborn cushion in March and April. The fall below this line proved its strength. 0.7615 capped a recovery attempt in late April.
0.7560 is the next level to watch after it was the recovery level in early May. The round number of 0.7500 remains important despite the recent breach.
Even lower, 0.7475 was the low point in early May and it is followed by 0.7410, an old line from 2017.
Outlook turns from bearish to bullish on AUD/USD
