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  • AUD/USD is trading in a bull trend above the 200-period simple moving average.  
  • AUD/USD had a significant 200-pip rally in the last days of trading and bulls will need to reconquer the  0.7260 level (November 2 high) in order to extend the bull trend. The RSI and Stochastic are losing momentum while the MACD indicator had a crossover.  
  • In the short-term, in the absence of a break above 0.7260, a retest of 0.7144 can be on the cards.

AUD/USD 4-hour chart

Main trend:              Bullish

Resistance 1:          0.7260 November 2 high
Resistance 2:          0.7300 figure
Resistance 3:          0.7383 August 21 high

Support 1:               0.7174-0.7200 zone, 200 SMA (4H) and August 15 low
Support 2:               0.7144 September 5 low
Support 3:               0.7100 figure
Support 4:               0.7085, September 11 low
Support 5:               0.7050 figure
Support 6:               0.7041 key support/resistance

Additional key levels at a glance:

AUD/USD

Overview:
       Last Price:  0.7214
       Daily change:  18  pips
       Daily change:  0.250%
       Daily Open:  0.7196
Trends:
       Daily SMA20:  0.7105
       Daily SMA50:  0.7166
       Daily SMA100:  0.7271
       Daily SMA200:  0.7491
Levels:
       Daily High:  0.726
       Daily Low:  0.7182
       Weekly High:  0.726
       Weekly Low:  0.705
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7211
       Daily Fibonacci 61.8%:  0.723
       Daily Pivot Point S1:  0.7165
       Daily Pivot Point S2:  0.7134
       Daily Pivot Point S3:  0.7086
       Daily Pivot Point R1:  0.7243
       Daily Pivot Point R2:  0.7291
       Daily Pivot Point R3:  0.7322