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AUD/USD Technical Analysis: Aussie bears take the helm as the market is set to drop to 0.7250 level

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Published date:

AUD/USD 4-hour chart

 

  • AUD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
  • AUD/USD failed to sustain prices above the 0.7300 handle while technical indicators are weakening.  
  • AUD/USD is set to remain capped by 0.7320 with a potential drop to the 0.7250 level in the coming sessions.

Additional key levels at a glance:

AUD/USD

Overview:
       Last Price:  0.7292
       Daily change:  -43  pips
       Daily change:  -0.586%
       Daily Open:  0.7335
Trends:
       Daily SMA20:  0.7174
       Daily SMA50:  0.7168
       Daily SMA100:  0.7257
       Daily SMA200:  0.7454
Levels:
       Daily High:  0.7336
       Daily Low:  0.725
       Weekly High:  0.7336
       Weekly Low:  0.7164
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7303
       Daily Fibonacci 61.8%:  0.7283
       Daily Pivot Point S1:  0.7278
       Daily Pivot Point S2:  0.722
       Daily Pivot Point S3:  0.7191
       Daily Pivot Point R1:  0.7364
       Daily Pivot Point R2:  0.7393
       Daily Pivot Point R3:  0.7451

 

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