AUD/USD touched a low of 0.7322 as the greenback strengthens
The pair is once again testing support from the May 2017 low @ 0.7329 - an area which helped to stall declines seen so far this year. The greenback is looking relentless right now as the momentum to the upside has seen the dollar index breach the 96.00 level currently.
There will no doubt be a few pauses for breath in the run higher, but as from the chart here, this could just be the start of the next leg higher in the dollar.
As for AUD/USD, watch out for the support level here as well as the year's low @ 0.7311. Further support is then seen at the 0.7300 handle. However, with the mood the dollar is in today it is hard to argue that the figure level will hold firmly in the event dollar bulls decide to run again.
Beyond that, just like EUR/USD, it is again nit-picky to point out any historical key support levels. The next that I can look towards is the 0.7150-60 levels.
