AUDUSD tests 2018 low and finds some buyers leaning.

A move below 0.74117 will have the AUDUSD trading at the lowest level since June 2, 2018..

The AUDUSD is testing the 2018 low at 0.74117. The low just reached 0.74128. A move below the May low would take the price to the lowest level since June 2, 2018 - a level reached over a year ago.

A move below on the daily chart (and other support from the 5-minute chart below at 0.7406) will have the price look toward the swing low from June 2017 at 0.7372 and the May 2018 low at 0.73287

Drilling to the 5-minute chart, the price has been trending lower in the NY session. The price at the high today stalled at a topside channel trend line, moved below the 100 bar MA and trended toward the lower trend line. That comes in at 0.7406 (and moving lower). That level - along with the 0.74117, could stall the fall. However, be cautious on a break of the levels.

So far the May low is holding.

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