“¢ The pair stalled this week’s rejection slide from the 0.7200 handle and managed to stage a goodish bounce from support marked an ascending trend-line extending from Feb. 11-12. “¢ The recovery move lacked any obvious catalyst and could be solely attributed to some short-covering from slightly oversold conditions on the 1-hourly chart amid a modest USD pull-back. “¢ Meanwhile, technical indicators on hourly/daily charts are yet to catch up with the positive momentum and thus, warrant some cautions for bullish traders before placing any aggressive bets. “¢ The up-move seems more likely to run out of steam, rather meet with some fresh supply near 50-period and 200-period SMA on the 4-hourly chart, around the 0.7140-50 supply zone. AUD/USD 1-hourly chart AUD/USD Overview: Today Last Price: 0.7115 Today Daily change: 21 pips Today Daily change %: 0.30% Today Daily Open: 0.7094 Trends: Daily SMA20: 0.714 Daily SMA50: 0.7132 Daily SMA100: 0.7164 Daily SMA200: 0.7255 Levels: Previous Daily High: 0.7167 Previous Daily Low: 0.709 Previous Weekly High: 0.7207 Previous Weekly Low: 0.707 Previous Monthly High: 0.7285 Previous Monthly Low: 0.7053 Daily Fibonacci 38.2%: 0.7119 Daily Fibonacci 61.8%: 0.7137 Daily Pivot Point S1: 0.7066 Daily Pivot Point S2: 0.7039 Daily Pivot Point S3: 0.6989 Daily Pivot Point R1: 0.7144 Daily Pivot Point R2: 0.7194 Daily Pivot Point R3: 0.7221 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin price prediction: Glued to $3,800 ahead of the weekend – Confluence Detector FX Street 4 years "¢ The pair stalled this week's rejection slide from the 0.7200 handle and managed to stage a goodish bounce from support marked an ascending trend-line extending from Feb. 11-12. "¢ The recovery move lacked any obvious catalyst and could be solely attributed to some short-covering from slightly oversold conditions on the 1-hourly chart amid a modest USD pull-back. "¢ Meanwhile, technical indicators on hourly/daily charts are yet to catch up with the positive momentum and thus, warrant some cautions for bullish traders before placing any aggressive bets. "¢ The up-move seems more… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
