Home AUD/USD Technical Analysis: Trying to form a base near 100-hour SMA, upside seems limited
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AUD/USD Technical Analysis: Trying to form a base near 100-hour SMA, upside seems limited

   “¢   The pair continued with its struggle to decisively break through the 0.7200 round figure mark, albeit was seen trying to form a firm base at 100-hour SMA.

   “¢   Technical indicators on the 1-hourly chart have been gaining some positive momentum and hence, support prospects for additional intraday up-move.

   “¢   However, neutral/bearish oscillators on 4-hourly/daily charts clearly suggest that the near-term downward trajectory might still be far from over.

   “¢   Hence, any attempted moves beyond the mentioned handle seem more likely to get sold into near 100-day SMA resistance, currently near the 0.7220 region.
 

AUD/USD 1-hourly chart

AUD/USD

Overview:
       Today Last Price:  0.7194
       Today Daily change:  13  pips
       Today Daily change %:  0.181%
       Today Daily Open:  0.7181
Trends:
       Previous Daily SMA20:  0.7245
       Previous Daily SMA50:  0.7196
       Previous Daily SMA100:  0.7222
       Previous Daily SMA200:  0.7389
Levels:
       Previous Daily High:  0.7204
       Previous Daily Low:  0.7162
       Previous Weekly High:  0.7247
       Previous Weekly Low:  0.7151
       Previous Monthly High:  0.7345
       Previous Monthly Low:  0.7072
       Previous Daily Fibonacci 38.2%:  0.7188
       Previous Daily Fibonacci 61.8%:  0.7178
       Previous Daily Pivot Point S1:  0.7161
       Previous Daily Pivot Point S2:  0.714
       Previous Daily Pivot Point S3:  0.7119
       Previous Daily Pivot Point R1:  0.7203
       Previous Daily Pivot Point R2:  0.7224
       Previous Daily Pivot Point R3:  0.7245

 

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