Home AUD/USD Technical Analysis: After the flash crash Aussie recovers to 0.7000 figure – Will it last?
FXStreet News

AUD/USD Technical Analysis: After the flash crash Aussie recovers to 0.7000 figure – Will it last?

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-period simple moving average (SMA).
  • The Aussie is trading near 3-year’s low.  

AUD/USD 4-hour chart

  • AUD/USD is trading below its main SMAs suggesting that the momentum is bearish.
  • AUD/USD had a flash 300-pip crash but the bear move seems to have recovered with bulls challenging the 0.7000 figure.

AUD/USD 30-minute chart

  • AUD/USD is testing the 0.7020 level and the 200 SMA. Given the bearish trend is it unlikely that bulls have much fuel left in the tank.
  • The level to beat for bulls is 0.7020 which could lead to a run to 0.7070 level. On the flip side, support are  seen near the 0.6950 and 0.6880 levels.

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7011
       Today Daily change:  12  pips
       Today Daily change %:  0.171%
       Today Daily Open:  0.6999
Trends:
       Previous Daily SMA20:  0.712
       Previous Daily SMA50:  0.7185
       Previous Daily SMA100:  0.7189
       Previous Daily SMA200:  0.735
Levels:
       Previous Daily High:  0.7058
       Previous Daily Low:  0.6982
       Previous Weekly High:  0.7078
       Previous Weekly Low:  0.7014
       Previous Monthly High:  0.7394
       Previous Monthly Low:  0.7014
       Previous Daily Fibonacci 38.2%:  0.7011
       Previous Daily Fibonacci 61.8%:  0.7029
       Previous Daily Pivot Point S1:  0.6968
       Previous Daily Pivot Point S2:  0.6937
       Previous Daily Pivot Point S3:  0.6892
       Previous Daily Pivot Point R1:  0.7044
       Previous Daily Pivot Point R2:  0.7089
       Previous Daily Pivot Point R3:  0.712

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.