“¢ The pair built on its recent recovery from over two-month lows and continued gaining positive traction for the third consecutive session on Tuesday.
“¢ After consolidating through the mid-European session around 200-hour SMA, softer US CPI print triggered a fresh leg of an up-move in the last hour.
“¢ With oscillators on hourly charts gaining traction, a move beyond 38.2% Fibo. level of the 0.7199-0.7003 fall paves the way for further appreciating move.
“¢ Hence, the pair now seems poised to extend the ongoing positive momentum further towards reclaiming the 0.7100 handle, coinciding with 50% Fibo. level.
AUD/USD 1-hourly chart
AUD/USD
Overview:
Today Last Price: 0.7086
Today Daily change: 15 pips
Today Daily change %: 0.21%
Today Daily Open: 0.7071
Trends:
Daily SMA20: 0.7106
Daily SMA50: 0.7134
Daily SMA100: 0.716
Daily SMA200: 0.7237
Levels:
Previous Daily High: 0.7077
Previous Daily Low: 0.7026
Previous Weekly High: 0.7118
Previous Weekly Low: 0.7002
Previous Monthly High: 0.7285
Previous Monthly Low: 0.7053
Daily Fibonacci 38.2%: 0.7057
Daily Fibonacci 61.8%: 0.7045
Daily Pivot Point S1: 0.7039
Daily Pivot Point S2: 0.7006
Daily Pivot Point S3: 0.6987
Daily Pivot Point R1: 0.709
Daily Pivot Point R2: 0.7109
Daily Pivot Point R3: 0.7142
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