“¢ 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
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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
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