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AUD/USD Technical Analysis: Aussie bears bracing themselves for a drop to 0.7100 figure

Gold daily chart

  • AUD/USD is evolving in a bear trend below the 200 SMA.
  • AUD/USD bulls broke above the 50 and 100 SMAs.

AUD/USD 4-hour chart

  • AUD/USD bulls have gained some positive momentum as they reclaimed the 200 SMA but they will have to overcome the 0.7200 figure.  

Gold 30-minute chart

  • AUD/USD is trading above its main SMAs but the 0.7200 might be very hard to overcome.
  • In the absence of a breakout above the 0.7200 resistance, Greenback bulls might take the lead and resume the main bear trend by targeting 0.7100 to the downside.  

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7206
       Today Daily change:  22  pips
       Today Daily change %:  0.306%
       Today Daily Open:  0.7184
Trends:
       Previous Daily SMA20:  0.7095
       Previous Daily SMA50:  0.7188
       Previous Daily SMA100:  0.7178
       Previous Daily SMA200:  0.7333
Levels:
       Previous Daily High:  0.7198
       Previous Daily Low:  0.7146
       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%:  0.7178
       Previous Daily Fibonacci 61.8%:  0.7166
       Previous Daily Pivot Point S1:  0.7153
       Previous Daily Pivot Point S2:  0.7123
       Previous Daily Pivot Point S3:  0.7101
       Previous Daily Pivot Point R1:  0.7206
       Previous Daily Pivot Point R2:  0.7228
       Previous Daily Pivot Point R3:  0.7258

 

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