“¢ The pair struggled to build on the recent recovery from almost a decade low and remained confined within this week’s 50-pips broader trading range.
“¢ Bulls struggled to make it through 100-day EMA, while the downside remains supported by a short-term ascending trend-line on the 1-hourly chart.
AUD/USD daily chart
-636832275998493650.png)
“¢ Technical indicators on the 1-hourly chart have started losing positive traction but have managed to hold in the bullish territory on 4-hourly/daily charts.
1-hourly chart
-636832277349334351.png)
“¢ Hence, it would be prudent to wait for a convincing breakthrough the mentioned range before positioning for the pair’s next leg of a directional move.
AUD/USD
Overview:
Today Last Price: 0.7197
Today Daily change: -3.0 pips
Today Daily change %: -0.0417%
Today Daily Open: 0.72
Trends:
Previous Daily SMA20: 0.7098
Previous Daily SMA50: 0.7188
Previous Daily SMA100: 0.7174
Previous Daily SMA200: 0.7326
Levels:
Previous Daily High: 0.7226
Previous Daily Low: 0.7179
Previous Weekly High: 0.7236
Previous Weekly Low: 0.7089
Previous Monthly High: 0.7394
Previous Monthly Low: 0.7014
Previous Daily Fibonacci 38.2%: 0.7208
Previous Daily Fibonacci 61.8%: 0.7197
Previous Daily Pivot Point S1: 0.7178
Previous Daily Pivot Point S2: 0.7155
Previous Daily Pivot Point S3: 0.7131
Previous Daily Pivot Point R1: 0.7225
Previous Daily Pivot Point R2: 0.7249
Previous Daily Pivot Point R3: 0.7272
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