Home AUD/USD Technical Analysis: Bulls gearing up for an eventual breakthrough 50-DMA/0.7200 handle
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AUD/USD Technical Analysis: Bulls gearing up for an eventual breakthrough 50-DMA/0.7200 handle

   “¢   The pair’s post-flash-crash recovery from almost a decade low struggled to make it through 50-day SMA barrier, just ahead of the 0.7200 handle.

AUD/USD daily chart

   “¢   However, the fact that bulls have been showing some resilience near 50-hour SMA clearly suggests increasing dip-buying interest at lower levels.  

1-hourly chart

   “¢   Technical indicators on hourly charts have cooled off from near-term overbought conditions and maintained their bullish bias on the daily chart.

   “¢   The set-up support prospects for additional near-term gains and the price action over the past 24-hours might still be considered as a consolidation phase.

AUD/USD

Overview:
       Today Last Price:  0.7189
       Today Daily change:  8.0  pips
       Today Daily change %:  0.111%
       Today Daily Open:  0.7181
Trends:
       Previous Daily SMA20:  0.7097
       Previous Daily SMA50:  0.7189
       Previous Daily SMA100:  0.7179
       Previous Daily SMA200:  0.7336
Levels:
       Previous Daily High:  0.7194
       Previous Daily Low:  0.713
       Previous Weekly High:  0.7125
       Previous Weekly Low:  0.6684
       Previous Monthly High:  0.7394
       Previous Monthly Low:  0.7014
       Previous Daily Fibonacci 38.2%:  0.717
       Previous Daily Fibonacci 61.8%:  0.7154
       Previous Daily Pivot Point S1:  0.7143
       Previous Daily Pivot Point S2:  0.7104
       Previous Daily Pivot Point S3:  0.7079
       Previous Daily Pivot Point R1:  0.7207
       Previous Daily Pivot Point R2:  0.7232
       Previous Daily Pivot Point R3:  0.7271

 

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