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   “¢   The pair stalled Friday’s sharp retracement slide from over one-month tops and managed to find some support near 38.2% Fibonacci retracement level of the 0.7021-0.7259 last week’s upsurge.  

   “¢   Mixed technical indicators on hourly/daily charts haven’t been supportive of a strong runaway rally ahead of the latest RBA monetary policy update on Tuesday and the FOMC decision on Wednesday.

   “¢   Meanwhile, the fact that the pair remains well above important intraday moving averages – 100 & 200-hour SMAs, support prospects for some additional intraday positive momentum.

   “¢   However, any meaningful up-move move beyond the 0.7215 immediate resistance might provide a temporary lift but seems more likely to run into some resistance ahead of 100-day SMA.


AUD/USD 1-hourly chart

AUD/USD

Overview:
       Last Price:  0.7199
       Daily change:  3.0  pips
       Daily change:  0.0417%
       Daily Open:  0.7196
Trends:
       Daily SMA20:  0.7105
       Daily SMA50:  0.7166
       Daily SMA100:  0.7271
       Daily SMA200:  0.7491
Levels:
       Daily High:  0.726
       Daily Low:  0.7182
       Weekly High:  0.726
       Weekly Low:  0.705
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7211
       Daily Fibonacci 61.8%:  0.723
       Daily Pivot Point S1:  0.7165
       Daily Pivot Point S2:  0.7134
       Daily Pivot Point S3:  0.7086
       Daily Pivot Point R1:  0.7243
       Daily Pivot Point R2:  0.7291
       Daily Pivot Point R3:  0.7322