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AUD/USD Technical Analysis: Trapped by near-term resistance, 0.7300 looking out of reach

  • The short-term Aussie chart has left the AUD/USD in the lurch, strung out in a constraining pattern within Thursday’s trading range as the broader markets await further impetus to trigger directional changes.

AUD/USD Chart, 5-Minute

  • The past two weeks sees the AUD/USD’s latest bull move facing potential rejection from that pair’s last swing high into the 0.7300 region, and buyers are risking a stall-out if they don’t keep the pair propped up beyond the last higher low at 0.7250.

AUD/USD Chart, 30-Minute

  • A flatlining H4 candlestick chart likewise brings poor news for Aussie bidders, with the 200-period moving average  nearly perfectly horizontal from 0.7140, with only thin support coming from the 50-period MA at 0.7225.

AUD/USD Chart, 4-Hour

AUD/USD

Overview:
       Last Price:  0.7286
       Daily change:  7.0  pips
       Daily change:  0.0962%
       Daily Open:  0.7279
Trends:
       Daily SMA20:  0.7163
       Daily SMA50:  0.7163
       Daily SMA100:  0.7257
       Daily SMA200:  0.7456
Levels:
       Daily High:  0.73
       Daily Low:  0.7226
       Weekly High:  0.7304
       Weekly Low:  0.7183
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7272
       Daily Fibonacci 61.8%:  0.7255
       Daily Pivot Point S1:  0.7237
       Daily Pivot Point S2:  0.7195
       Daily Pivot Point S3:  0.7164
       Daily Pivot Point R1:  0.7311
       Daily Pivot Point R2:  0.7342
       Daily Pivot Point R3:  0.7384

 

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