“¢ The pair was seen oscillating in a narrow band near the lower end of its daily trading range, or two-week lows, consolidating a sharp intraday slump of over 110-pips.
“¢ Extreme oversold conditions on the 1-hourly chart seemed to be the only factor holding trader from placing any fresh bearish bets and limiting any further downside.
AUD/USD 1-hourly chart
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“¢ Meanwhile, oscillators on the daily chart have just started gaining negative momentum and support prospects for an extension of the recent rejection slide from 200-day SMA.
“¢ Hence, any attempted recovery seems more likely to get sold into aggressively near the 0.7150-60 region amid the continuation of the recent US Dollar rally.
-636850601817156188.png)
AUD/USD
Overview:
Today Last Price: 0.7134
Today Daily change %: -1.41%
Today Daily Open: 0.7236
Trends:
Daily SMA20: 0.7187
Daily SMA50: 0.7169
Daily SMA100: 0.7174
Daily SMA200: 0.7289
Levels:
Previous Daily High: 0.7265
Previous Daily Low: 0.7194
Previous Weekly High: 0.7296
Previous Weekly Low: 0.7138
Previous Monthly High: 0.7296
Previous Monthly Low: 0.6684
Daily Fibonacci 38.2%: 0.7238
Daily Fibonacci 61.8%: 0.7221
Daily Pivot Point S1: 0.7198
Daily Pivot Point S2: 0.716
Daily Pivot Point S3: 0.7126
Daily Pivot Point R1: 0.7269
Daily Pivot Point R2: 0.7303
Daily Pivot Point R3: 0.7341
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