“¢ 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
-636870385038699190.png)
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
Share
