Home AUD/USD Technical Analysis: Relentless bulls break above 0.7300 figure with 0.7400 target on the horizon
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AUD/USD Technical Analysis: Relentless bulls break above 0.7300 figure with 0.7400 target on the horizon

AUD/USD daily chart

  • AUD/USD is above the 50 and 100-day simple moving average and the 2018 bear trendline.  
  • Technical indicators are positive suggesting continued bullish momentum.  
  • If bulls keep the momentum the next target is seen at 0.7400 figure. A close above 0.7300 figure on a daily closing basis would be seen as a sign of bullish strength.  

 

AUD/USD 4-hour chart

  • AUD/USD is trading above the 50, 100 and 200-period simple moving averages (SMA) suggesting strong bullish momentum.  
  • Technical indicators are also at full bullish speed suggesting more up.  

 

AUD/USD 30-minute chart

  • AUD/USD bulls have printed a clean break above the 0.7300 figure.  
  • A break below 0.7250 would be a warning sign for bulls.  

 

Additional key levels at a glance:

AUD/USD

Overview:
       Last Price:  0.731
       Daily change:  31  pips
       Daily change:  0.426%
       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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