Search ForexCrunch

   “¢   The pair continued with its struggle to make it through the 50-hour SMA hurdle, albeit the downside remained supported near the 0.7070-65 region.

   “¢   Technical indicators on hourly/daily charts have struggled to recover from the negative territory and support prospects for an eventual bearish breakdown.

   “¢   Moreover, the fact that pair remains well below important intraday moving averages – 50, 100 & 200-hour SMA, further reinforce the near-term negative outlook.  

   “¢   Bearish traders, however, are likely to wait for a sustained break through the mentioned support before placing aggressive bets ahead of Wednesday’s GDP print.

AUD/USD 1-hourly chart

AUD/USD

Overview:
       Today Last Price:  0.708
       Today Daily change %:  -0.16%
       Today Daily Open:  0.7091
Trends:
       Daily SMA20:  0.7124
       Daily SMA50:  0.7134
       Daily SMA100:  0.7164
       Daily SMA200:  0.725
Levels:
       Previous Daily High:  0.7118
       Previous Daily Low:  0.7074
       Previous Weekly High:  0.7199
       Previous Weekly Low:  0.7069
       Previous Monthly High:  0.7285
       Previous Monthly Low:  0.7053
       Daily Fibonacci 38.2%:  0.7091
       Daily Fibonacci 61.8%:  0.7101
       Daily Pivot Point S1:  0.7071
       Daily Pivot Point S2:  0.7051
       Daily Pivot Point S3:  0.7027
       Daily Pivot Point R1:  0.7114
       Daily Pivot Point R2:  0.7138
       Daily Pivot Point R3:  0.7158