AUD/USD Technical Analysis: Eyes 0.74 on bull RSI divergence on 1H

• Currently, AUD/USD is trading at 0.7382 and could soon move above 0.74, the bullish divergence of the relative strength index (RSI) indicates.
• A corrective rally in oversold Yuan could also put a bid under the Aussie dollar.

Hourly chart

Spot Rate: 0.7382

Daily High: 0.7385

Daily Low: 0.7373

Trend: Intraday bullish

Resistance

R1: 0.74 (200-hour moving average + 20-day moving average)

R2: 0.7463 (previous day's high)

R3: 0.7484 (July 10 high)

Support

S1: 0.7372 (previous day's low)

S2: 0.7318 (July 20 low)

S3: 0.73 (psychological support)

S1: 0.7372 (previous day's low)

S2: 0.7318 (July 20 low)

S3: 0.73 (psychological support)