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   “¢   The pair stalled its intraday retracement slide and found decent support near 50-hour SMA to hit fresh six-week tops in the last hour.  

   “¢   Bullish traders now eye a follow-through up-move beyond 23.6% Fibonacci retracement level of the 0.8136-0.7021 Jan. – Oct. downfall.  

   “¢   Technical indicators on the daily chart have started gaining positive momentum and support prospects for an extension of the bullish trajectory.

   “¢   Acceptance above 100-day SMA, and a subsequent move beyond the mentioned hurdle should continue driving the pair higher in the near-term.
 

AUD/USD 1-hourly chart

AUD/USD

Overview:
       Last Price:  0.7278
       Daily change:  53  pips
       Daily change:  0.734%
       Daily Open:  0.7225
Trends:
       Daily SMA20:  0.7118
       Daily SMA50:  0.7161
       Daily SMA100:  0.7268
       Daily SMA200:  0.7483
Levels:
       Daily High:  0.7243
       Daily Low:  0.7204
       Weekly High:  0.726
       Weekly Low:  0.705
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7228
       Daily Fibonacci 61.8%:  0.7219
       Daily Pivot Point S1:  0.7205
       Daily Pivot Point S2:  0.7186
       Daily Pivot Point S3:  0.7167
       Daily Pivot Point R1:  0.7244
       Daily Pivot Point R2:  0.7263
       Daily Pivot Point R3:  0.7282