“¢ The pair struggled to capitalize on the recent positive momentum and faced rejection near the 0.7100 round figure mark in wake of sluggish Chinese industrial production data. “¢ The mentioned handle also nears 50% Fibonacci retracement level of the 0.7199-0.7002 recent downfall and should continue to act as a key hurdle capping any attempted up-moves. “¢ Meanwhile, the fact that the pair seems to have found acceptance below important intraday moving averages – 50, 100 & 200-hour SMAs, clearly points to increasing selling pressure. “¢ Bearish technical indicators on hourly/daily charts add credence to the bearish set-up, though traders might await a sustained break through 23.6% Fibonacci retracement level support. AUD/USD 1-hourly chart AUD/USD Overview: Today Last Price: 0.7051 Today Daily change: -43 pips Today Daily change %: -0.61% Today Daily Open: 0.7094 Trends: Daily SMA20: 0.7105 Daily SMA50: 0.7136 Daily SMA100: 0.7161 Daily SMA200: 0.7232 Levels: Previous Daily High: 0.7099 Previous Daily Low: 0.7049 Previous Weekly High: 0.7118 Previous Weekly Low: 0.7002 Previous Monthly High: 0.7285 Previous Monthly Low: 0.7053 Daily Fibonacci 38.2%: 0.708 Daily Fibonacci 61.8%: 0.7068 Daily Pivot Point S1: 0.7062 Daily Pivot Point S2: 0.7031 Daily Pivot Point S3: 0.7012 Daily Pivot Point R1: 0.7112 Daily Pivot Point R2: 0.7131 Daily Pivot Point R3: 0.7162 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin update: Wakes up and hits $3,900, still hesitant FX Street 4 years "¢ The pair struggled to capitalize on the recent positive momentum and faced rejection near the 0.7100 round figure mark in wake of sluggish Chinese industrial production data. "¢ The mentioned handle also nears 50% Fibonacci retracement level of the 0.7199-0.7002 recent downfall and should continue to act as a key hurdle capping any attempted up-moves. "¢ Meanwhile, the fact that the pair seems to have found acceptance below important intraday moving averages - 50, 100 & 200-hour SMAs, clearly points to increasing selling pressure. "¢ Bearish technical indicators on hourly/daily charts… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
