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   “¢   The pair caught some fresh bids at the start of a new trading week and has now recovered all of its losses recorded over the past two trading session.  

   “¢   A convincing breakthrough near one-week-old descending trend-line and a subsequent move beyond 100-hour SMA was seen as a key trigger for bullish traders.  

   “¢   Technical indicators on the 1-hourly chart have been gaining positive momentum and are still far from being in overbought territory on short-term charts.

   “¢   The set-up support prospects for an extension of the intraday positive momentum and hence, any meaningful dips will be seen as a buying opportunity.


AUD/USD 1-hourly chart

AUD/USD

Overview:
       Today Last Price:  0.7266
       Today Daily change:  36  pips
       Today Daily change %:  0.498%
       Today Daily Open:  0.723
Trends:
       Previous Daily SMA20:  0.7217
       Previous Daily SMA50:  0.7178
       Previous Daily SMA100:  0.725
       Previous Daily SMA200:  0.7439
Levels:
       Previous Daily High:  0.7261
       Previous Daily Low:  0.7218
       Previous Weekly High:  0.7327
       Previous Weekly Low:  0.7202
       Previous Monthly High:  0.724
       Previous Monthly Low:  0.702
       Previous Daily Fibonacci 38.2%:  0.7235
       Previous Daily Fibonacci 61.8%:  0.7245
       Previous Daily Pivot Point S1:  0.7212
       Previous Daily Pivot Point S2:  0.7194
       Previous Daily Pivot Point S3:  0.717
       Previous Daily Pivot Point R1:  0.7255
       Previous Daily Pivot Point R2:  0.7279
       Previous Daily Pivot Point R3:  0.7297