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  • The AUD/USD pair is currently trading at 0.7196, having hit a high of 0.7214 earlier today.
  • A deeper pullback, possibly to the 100-day exponential moving average (EMA) of 0.7173, could be in the offing as the relative strength index and stochastic have diverged in favor of the bears, according to hourly chart.
  • Pullbacks will likely be short-lived as the pair scaled the nine-month-long falling trendline yesterday, confirming a bearish-to-bullish trend change.

Hourly Chart

Trend: Intraday bearish

AUD/USD

Overview:
       Last Price:  0.7198
       Daily change:  -8.0  pips
       Daily change:  -0.111%
       Daily Open:  0.7206
Trends:
       Daily SMA20:  0.7098
       Daily SMA50:  0.7168
       Daily SMA100:  0.7274
       Daily SMA200:  0.7495
Levels:
       Daily High:  0.7214
       Daily Low:  0.7072
       Weekly High:  0.7128
       Weekly Low:  0.702
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.716
       Daily Fibonacci 61.8%:  0.7126
       Daily Pivot Point S1:  0.7114
       Daily Pivot Point S2:  0.7022
       Daily Pivot Point S3:  0.6972
       Daily Pivot Point R1:  0.7256
       Daily Pivot Point R2:  0.7306
       Daily Pivot Point R3:  0.7397