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AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-day simple moving average.  
  • However, bulls reclaimed the 50 and 100 SMA while technical indicators are gathering speed suggesting that the current bias might be to the upside.  
  • The FOMC minutes at 19.00 GMT are eagerly awaited by investors around the world as they can stir the US Dollar in one direction or another. Great caution is advised.  

AUD/USD 4-hour chart

  • AUD/USD has tested the 0.7340 resistance and is currently rejecting the level.  
  • Technical indicators are bullish although Stochastic is overbought.  
  • If bulls cannot sustain prices above 0.7340 then a deep pullback to 0.7220 can be on the cards.  

AUD/USD 30-minute chart

  • AUD/USD is testing the 50 SMA and is now close to the 0.7300 figure.  
  • If bulls cannot support the market there, the next key support is seen at 0.7220 level.
  • The bias remains to the upside with a potential target at 0.7400 figure.  

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7309
       Today Daily change:  -2.0  pips
       Today Daily change %:  -0.0274%
       Today Daily Open:  0.7311
Trends:
       Previous Daily SMA20:  0.7243
       Previous Daily SMA50:  0.718
       Previous Daily SMA100:  0.7245
       Previous Daily SMA200:  0.7429
Levels:
       Previous Daily High:  0.7329
       Previous Daily Low:  0.722
       Previous Weekly High:  0.7327
       Previous Weekly Low:  0.7202
       Previous Monthly High:  0.724
       Previous Monthly Low:  0.702
       Previous Daily Fibonacci 38.2%:  0.7288
       Previous Daily Fibonacci 61.8%:  0.7262
       Previous Daily Pivot Point S1:  0.7244
       Previous Daily Pivot Point S2:  0.7178
       Previous Daily Pivot Point S3:  0.7136
       Previous Daily Pivot Point R1:  0.7353
       Previous Daily Pivot Point R2:  0.7395
       Previous Daily Pivot Point R3:  0.7461