“¢ The pair extended last week’s rejection slide from the very important 200-day SMA and remained under some selling pressure for the second consecutive session on Monday.
“¢ The intraday bearish slide found some support near 100-hour SMA, though the attempted rebound quickly ran out of steam amid a follow-through USD buying interest.
“¢ Technical indicators on the 1-hourly chart are holding in the bearish territory and have also started losing positive momentum on 4-hourly/daily charts, suggesting further downside.
“¢ A convincing breakthrough 100-hour SMA will further reinforce the negative outlook and prompt some additional long-unwinding trade towards challenging the 0.7200 round figure mark.
“¢ The downside, however, is likely to remain limited and find some support near 50% Fibo. level of the 0.7138-0.7295 last week’s up-move ahead of Tuesday’s RBA policy decision
AUD/USD 1-hourly chart
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AUD/USD
Overview:
Today Last Price: 0.7229
Today Daily change %: -0.30%
Today Daily Open: 0.7251
Trends:
Daily SMA20: 0.7179
Daily SMA50: 0.7169
Daily SMA100: 0.7173
Daily SMA200: 0.7292
Levels:
Previous Daily High: 0.7285
Previous Daily Low: 0.7236
Previous Weekly High: 0.7296
Previous Weekly Low: 0.7138
Previous Monthly High: 0.7296
Previous Monthly Low: 0.6684
Daily Fibonacci 38.2%: 0.7255
Daily Fibonacci 61.8%: 0.7266
Daily Pivot Point S1: 0.723
Daily Pivot Point S2: 0.7208
Daily Pivot Point S3: 0.7181
Daily Pivot Point R1: 0.7279
Daily Pivot Point R2: 0.7306
Daily Pivot Point R3: 0.7328
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