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   “¢   The pair struggled to build on Friday’s disappointing headline NFP-led goodish bounce from the key 0.70 psychological mark, or over two-month lows and remained capped near mid-0.7000s.

   “¢   Meanwhile, the uptick from a two-month-old descending trend-line seems to have found acceptance above 50-hour SMA, which has been acting as a key barrier over the past 1-1/2 week or so.

   “¢   Technical indicators on the 1-hourly chart have moved into the positive territory and add credence to the constructive set-up, though bearish oscillators on 4-hourly/daily charts warrant caution.

   “¢   Hence, it would be prudent to wait for a strong follow-through buying before confirming that the pair has already bottomed out in the near-term or positioning for any further appreciating move.

AUD/USD 1-hourly chart

AUD/USD

Overview:
       Today Last Price:  0.7044
       Today Daily change %:  0.00%
       Today Daily Open:  0.7044
Trends:
       Daily SMA20:  0.7106
       Daily SMA50:  0.7133
       Daily SMA100:  0.7161
       Daily SMA200:  0.724
Levels:
       Previous Daily High:  0.7053
       Previous Daily Low:  0.7002
       Previous Weekly High:  0.7118
       Previous Weekly Low:  0.7002
       Previous Monthly High:  0.7285
       Previous Monthly Low:  0.7053
       Daily Fibonacci 38.2%:  0.7034
       Daily Fibonacci 61.8%:  0.7021
       Daily Pivot Point S1:  0.7013
       Daily Pivot Point S2:  0.6982
       Daily Pivot Point S3:  0.6962
       Daily Pivot Point R1:  0.7064
       Daily Pivot Point R2:  0.7084
       Daily Pivot Point R3:  0.7115