AUD/USD bouncing from hourly support but weighed down by EUR/AUD buying

As has been the case for a while now, EUR/AUD moves tend to see the AUD/USD lag the EUR/USD in times of USD weakness, and remain better supported than the EUR/USD on USD strength. AUD/USD buyers continue to support at 1.0329 and the AUD/USD is finally moving a little higher but continues to lag the EUR/USD.

  • RES 4: $1.0478 – Previous daily support now resistance
  • RES 3: $1.0445 – Hourly resistance Apr 15
  • RES 2: $1.0398 – 200 day moving average
  • RES 1: $1.0379 – 21 day moving average
  • PRICE: 1.0343
  • SUP 1: $1.0329 – Hourly support Apr 30
  • SUP 2: $1.0264 – Low Apr 29
  • SUP 3: $1.0222 – Low Apr 23
  • SUP 4: $1.0205 – Low Mar 11
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