Support: 1.0142: 20June high
1.0075: Rising 21-day moving average
1.0050: Lower end of rising channel in place since 01June
1.0000: Psychological level and 50% retracement of the late April to early June decline.
0.9880: -2STD below 21-day moving average
0.9565: 01June low, traces back to support from last November.
Resistance: 1.0210: 200-day moving average
1.0270: +2STD above 21-day moving average.
1.0280: intermediate resistance at high trade area from 4/3, 4/12, and 5/1
1.0300: Psychological level
1.0325: Late April highs for September contract.
1.0430: Upper boundary of rising channel in place since 01June.
1.0422: 27Apr high.
Comment: Slowing Rate of Change and slowing Momentum as the gently falling 200-day moving average, which has offered resistance and rising 21-day are on a collision course.
This week's Housing and Labour surveys are just ahead.
Interestingly, and similar to the US Equity Indices, the Aussie has been in a rising channel since making the 01June recent low. A probe below the lower boundary (1.0050) targets support levels noted above.
Seasonal Snapshot (cash): The 5-year pattern's upward bias extends until the end of July.
The 15&30yr patterns fall out of bed throughout the rest of the month.