“¢ The pair struggled to build on its attempted recovery from near 22-month lows further beyond 100-hour SMA and quickly retreated around 15-pips from session tops.
“¢ Technical indicators on 4-hourly/daily charts remain in the bearish territory and have also started losing positive momentum on the 1-hourly chart.
“¢ The set-up clearly points to persistent selling bias at higher levels and hence, any subsequent up-move beyond the mentioned hurdle seems more likely to be sold into.
AUD/USD 1-hourly chart
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AUD/USD
Overview:
Today Last Price: 0.7048
Today Daily change: 14 pips
Today Daily change %: 0.199%
Today Daily Open: 0.7034
Trends:
Previous Daily SMA20: 0.7176
Previous Daily SMA50: 0.7189
Previous Daily SMA100: 0.7199
Previous Daily SMA200: 0.7364
Levels:
Previous Daily High: 0.7078
Previous Daily Low: 0.7014
Previous Weekly High: 0.7204
Previous Weekly Low: 0.7038
Previous Monthly High: 0.7345
Previous Monthly Low: 0.7072
Previous Daily Fibonacci 38.2%: 0.7038
Previous Daily Fibonacci 61.8%: 0.7054
Previous Daily Pivot Point S1: 0.7006
Previous Daily Pivot Point S2: 0.6978
Previous Daily Pivot Point S3: 0.6942
Previous Daily Pivot Point R1: 0.707
Previous Daily Pivot Point R2: 0.7106
Previous Daily Pivot Point R3: 0.7134
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