- The AUD/USD is currently trading at 0.7234, up 0.10 percent on the day, having clocked a high of 0.7303 last week.
- On the hourly chart, the pair has charted a falling wedge pattern. A breakout would be confirmed if the current hourly candle closes above 0.7232 and would mean that the pullback has likely ended at 0.7214 and could yield a re-test of 0.7303.
- The 14-day relative strength index (RSI) is biased bullish above 50.00 and the 5-day and 10-day exponential moving averages (EMAs) are trending north. Hence, a falling wedge breakout looks likely.
- The bullish pressure would weaken if the spot closes below the ascending 10-day EMA, currently at 0.6690.
Hourly Chart
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Trend: Bullish
AUD/USD
Overview:
Last Price: 0.7231
Daily change: 3.0 pips
Daily change: 0.0415%
Daily Open: 0.7228
Trends:
Daily SMA20: 0.7141
Daily SMA50: 0.7161
Daily SMA100: 0.7263
Daily SMA200: 0.747
Levels:
Daily High: 0.7272
Daily Low: 0.7218
Weekly High: 0.7304
Weekly Low: 0.7183
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.7239
Daily Fibonacci 61.8%: 0.7252
Daily Pivot Point S1: 0.7207
Daily Pivot Point S2: 0.7186
Daily Pivot Point S3: 0.7153
Daily Pivot Point R1: 0.726
Daily Pivot Point R2: 0.7293
Daily Pivot Point R3: 0.7314
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