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  • The AUD/USD pair trades little changed around 0.7130 during the early Asian session on Friday.
  • The pair maintains trading under 0.7135-40 horizontal resistance, connecting present week high to late-January low.
  • From the present levels, 0.7080 and the recent low of 0.7050 may offer immediate support to the pair while a descending trend-line stretched since early January may confine its declines around 0.7040 then after.
  • Assuming the downside past-0.7040, the pair might not hesitate to visit the 0.7000 and the 0.6980 rest-points.
  • On the contrary, a successful break of 0.7140 can’t be considered as a sign of a rally as immediate downward sloping trend-line could challenge the buyers near 0.7170.
  • If at all prices rally past-0.7170, bulls can aim for 0.7220 and 0.7260 numbers to the north.

AUD/USD 4-Hour chart

Additional important levels:

Overview:
       Today Last Price:  0.7106
       Today Daily change: 17  pips
       Today Daily change %:  0.24%
       Today Daily Open:  0.7089
Trends:
       Daily SMA20:  0.7158
       Daily SMA50:  0.7142
       Daily SMA100:  0.7163
       Daily SMA200:  0.7277
Levels:
       Previous Daily High:  0.7137
       Previous Daily Low:  0.7081
       Previous Weekly High:  0.7265
       Previous Weekly Low:  0.706
       Previous Monthly High:  0.7296
       Previous Monthly Low:  0.6684
       Daily Fibonacci 38.2%:  0.7102
       Daily Fibonacci 61.8%:  0.7116
       Daily Pivot Point S1:  0.7068
       Daily Pivot Point S2:  0.7046
       Daily Pivot Point S3:  0.7012
       Daily Pivot Point R1:  0.7124
       Daily Pivot Point R2:  0.7158
       Daily Pivot Point R3:  0.718