Australian Dollar Outlook: AUD/USD Plunges into Multi-Month Support 2021-05-04 16:30:00 Michael Boutros, Strategist Australian Dollar Technical Price Outlook: Near-term Trade Levels Australian Dollar technical trade level update – Daily & Intraday Charts AUD/USD approaches multi-week range / slope support Near-term support 7700, 7675(key) – resistance / bearish invalidation 7770 Advertisement The Australian Dollar is on defensive against the US Dollar post-RBA with AUD/USD down more than 0.7% in early US trade. The decline takes Aussie with in striking range of key support at multi-week range lows and we’re looking for possible price inflection here early in the month. These are the updated targets and invalidation levels that matter on the AUD/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Aussie setup and more.