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AUD/USD Technical Analysis: Aussie hugs 0.7100 figure post-RBA inspired bloodbath

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • Back on Wednesday, Reserve Bank of Australia’s Lowe shifted the forward guidance to neutral and hinted at cutting rates and the AUD dropped more than a 100 pips.

AUD/USD 4-hour chart

  • AUD/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

AUD/USD 30-minute chart

  • Aussie is trading below its main SMAs suggesting bearish momentum in the short-term.
  • Bears will need to overcome the 0.7070 support in order to travel to 0.7000 figure to the downside.
  • On the flip side, resistances are seen near 0.7140 and 0.7180 level.

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.71
       Today Daily change:  -19  pips
       Today Daily change %:  -0.27%
       Today Daily Open:  0.7119
Trends:
       Daily SMA20:  0.7184
       Daily SMA50:  0.7165
       Daily SMA100:  0.7172
       Daily SMA200:  0.7287
Levels:
       Previous Daily High:  0.7246
       Previous Daily Low:  0.7109
       Previous Weekly High:  0.7296
       Previous Weekly Low:  0.7138
       Previous Monthly High:  0.7296
       Previous Monthly Low:  0.6684
       Daily Fibonacci 38.2%:  0.7161
       Daily Fibonacci 61.8%:  0.7194
       Daily Pivot Point S1:  0.707
       Daily Pivot Point S2:  0.7021
       Daily Pivot Point S3:  0.6933
       Daily Pivot Point R1:  0.7207
       Daily Pivot Point R2:  0.7295
       Daily Pivot Point R3:  0.7344

 

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