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AUD/USD Technical Analysis: Aussie bulls looking for a break above 0.7100 figure ahead of RBA

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its main simple moving averages (SMAs).
  • The    Reserve Bank of Australia  (RBA) will announce its interest rate decision and statement at 3.30 GMT, which can lead to high volatility in AUD-related currency pairs.

AUD/USD 4-hour chart

  • AUD/USD is trading near 0.7060 support.  

AUD/USD 30-minute chart

  • AUD/USD is trying to break above the 0.7100 figure and the 50 and 100 SMA suggesting potential bullish momentum.  
  • Resistances are at 0.7120 and 0.7150 level.
  • To the downside, support is at 0.7060 level.

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7092
       Today Daily change:  17  pips
       Today Daily change %:  0.24%
       Today Daily Open:  0.7075
Trends:
       Daily SMA20:  0.7131
       Daily SMA50:  0.7133
       Daily SMA100:  0.7164
       Daily SMA200:  0.7252
Levels:
       Previous Daily High:  0.7123
       Previous Daily Low:  0.7069
       Previous Weekly High:  0.7199
       Previous Weekly Low:  0.7069
       Previous Monthly High:  0.7285
       Previous Monthly Low:  0.7053
       Daily Fibonacci 38.2%:  0.709
       Daily Fibonacci 61.8%:  0.7102
       Daily Pivot Point S1:  0.7055
       Daily Pivot Point S2:  0.7035
       Daily Pivot Point S3:  0.7001
       Daily Pivot Point R1:  0.7109
       Daily Pivot Point R2:  0.7143
       Daily Pivot Point R3:  0.7163

 

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