Search ForexCrunch

   “¢   The recent recovery move from 32-month lows stalls ahead of 200-hour SMA, with the pair quickly retreating around 40-pips from one-week tops and falling below 0.71 handle.

   “¢   Technical indicators on the 1-hourly chart have started losing positive momentum and thus, increase prospects for an additional retracement towards 100-hour SMA.

   “¢   A follow-through selling below the mentioned support is likely to reinforce the near-term bearish bias and accelerate the slide back towards retesting 0.7050-40 support area.
 

AUD/USD 1-hourly chart

AUD/USD

Overview:
       Last Price:  0.7093
       Daily change:  -10  pips
       Daily change:  -0.141%
       Daily Open:  0.7103
Trends:
       Daily SMA20:  0.7189
       Daily SMA50:  0.7248
       Daily SMA100:  0.7355
       Daily SMA200:  0.7564
Levels:
       Daily High:  0.7108
       Daily Low:  0.7054
       Weekly High:  0.724
       Weekly Low:  0.7042
       Monthly High:  0.7316
       Monthly Low:  0.7042
       Daily Fibonacci 38.2%:  0.7087
       Daily Fibonacci 61.8%:  0.7074
       Daily Pivot Point S1:  0.7068
       Daily Pivot Point S2:  0.7034
       Daily Pivot Point S3:  0.7014
       Daily Pivot Point R1:  0.7123
       Daily Pivot Point R2:  0.7143
       Daily Pivot Point R3:  0.7177