“¢ The pair built on Friday’s goodish up-move and continued gaining positive traction for the second consecutive session on the first trading day of a new week.
“¢ The up-move has been along a short-term ascending trend-channel formation and a sustained move above 200-hour SMA was seen as a key trigger for bullish traders.
“¢ Technical indicators on hourly/daily charts continue to gain positive traction and remained supportive of the ongoing bullish trajectory further beyond mid-0.7100s.
“¢ The pair now seems poised to extend up-move towards retesting last week’s swing higher, around the 0.7200 handle, also coinciding with the trend-channel resistance.
AUD/USD 1-hourly chart
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AUD/USD
Overview:
Today Last Price: 0.7178
Today Daily change %: 0.66%
Today Daily Open: 0.7131
Trends:
Daily SMA20: 0.7152
Daily SMA50: 0.7132
Daily SMA100: 0.7162
Daily SMA200: 0.7263
Levels:
Previous Daily High: 0.7151
Previous Daily Low: 0.7073
Previous Weekly High: 0.7207
Previous Weekly Low: 0.707
Previous Monthly High: 0.7296
Previous Monthly Low: 0.6684
Daily Fibonacci 38.2%: 0.7121
Daily Fibonacci 61.8%: 0.7103
Daily Pivot Point S1: 0.7086
Daily Pivot Point S2: 0.7041
Daily Pivot Point S3: 0.7008
Daily Pivot Point R1: 0.7163
Daily Pivot Point R2: 0.7196
Daily Pivot Point R3: 0.7241
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