Home AUD/USD Technical Analysis: Aussie on the verge of a 150-pip bullish breakout
FXStreet News

AUD/USD Technical Analysis: Aussie on the verge of a 150-pip bullish breakout

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its main simple moving average (SMAs).

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 above its main SMAs suggesting bullish momentum in the short-term.
  • Bulls are challenging Monday’s highs and they will need to overcome the 0.7120 resistance in order to travel to 0.7240 potential bullish target.
  • On the flip side, the bullish scenario would be invaildated if the market closes below 0.7000 figure.

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7099
       Today Daily change:  35  pips
       Today Daily change %:  0.50%
       Today Daily Open:  0.7064
Trends:
       Daily SMA20:  0.7168
       Daily SMA50:  0.7151
       Daily SMA100:  0.7167
       Daily SMA200:  0.728
Levels:
       Previous Daily High:  0.7109
       Previous Daily Low:  0.7057
       Previous Weekly High:  0.7265
       Previous Weekly Low:  0.706
       Previous Monthly High:  0.7296
       Previous Monthly Low:  0.6684
       Daily Fibonacci 38.2%:  0.7077
       Daily Fibonacci 61.8%:  0.7089
       Daily Pivot Point S1:  0.7044
       Daily Pivot Point S2:  0.7025
       Daily Pivot Point S3:  0.6992
       Daily Pivot Point R1:  0.7096
       Daily Pivot Point R2:  0.7129
       Daily Pivot Point R3:  0.7148

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.