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AUD/USD Technical Analysis: Aussie drops to daily lows near 0.7130 level

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA).  
  • AUD/USD is currently testing the 0.7130 level and the 50 SMA.

AUD/USD 4-hour chart

  • AUD/USD is testing the 100 SMA on the 4-hour chart.  

AUD/USD 30-minute chart

  • AUD/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
  • However, 0.7130 and the 50 SMA on the daily chart are expected to provide solid support with bulls soon targeting 0.7150, 0.7170 and 0.7200 in the short-term.
  • A strong break below 0.7130 would invalidate the bullish scenario and open the doors to 0.7100 the figure.  

 

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7134
       Today Daily change:  -55  pips
       Today Daily change %:  -0.77%
       Today Daily Open:  0.7189
Trends:
       Daily SMA20:  0.7154
       Daily SMA50:  0.7132
       Daily SMA100:  0.7164
       Daily SMA200:  0.7259
Levels:
       Previous Daily High:  0.7195
       Previous Daily Low:  0.7141
       Previous Weekly High:  0.7207
       Previous Weekly Low:  0.707
       Previous Monthly High:  0.7296
       Previous Monthly Low:  0.6684
       Daily Fibonacci 38.2%:  0.7174
       Daily Fibonacci 61.8%:  0.7162
       Daily Pivot Point S1:  0.7155
       Daily Pivot Point S2:  0.7121
       Daily Pivot Point S3:  0.7101
       Daily Pivot Point R1:  0.7209
       Daily Pivot Point R2:  0.7229
       Daily Pivot Point R3:  0.7263

 

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