“¢ The pair stalled its strong upsurge ahead of an important confluence resistance, comprising of 100-day SMA and 23.6% Fibonacci retracement level of the 0.8136-0.7021 YTD decline. “¢ A goodish USD rebound, following the release of stronger than expected US monthly jobs, was seen as one of the key factors prompting some long-unwinding trade from five-week tops. “¢ However, given that the pair has found acceptance above 50-day SMA, for the first time since early April, support prospects for an extension of the recovery move from over 32-month lows. “¢ Technical indicators on the daily chart have just started catching up with the recent positive momentum and were seen cooling off near-term overbought conditions on hourly charts. “¢ The set-up clearly points to possibilities of some dip-buying interest and adds credence to the constructive outlook, which should help limit any immediate sharp downfall. AUD/USD daily chart AUD/USD Overview: Last Price: 0.7219 Daily change: 13 pips Daily change: 0.180% Daily Open: 0.7206 Trends: Daily SMA20: 0.7098 Daily SMA50: 0.7168 Daily SMA100: 0.7274 Daily SMA200: 0.7495 Levels: Daily High: 0.7214 Daily Low: 0.7072 Weekly High: 0.7128 Weekly Low: 0.702 Monthly High: 0.724 Monthly Low: 0.702 Daily Fibonacci 38.2%: 0.716 Daily Fibonacci 61.8%: 0.7126 Daily Pivot Point S1: 0.7114 Daily Pivot Point S2: 0.7022 Daily Pivot Point S3: 0.6972 Daily Pivot Point R1: 0.7256 Daily Pivot Point R2: 0.7306 Daily Pivot Point R3: 0.7397 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 Germany’s Merkel: Britain will remain part of Europe and we want to work well together FX Street 4 years "¢ The pair stalled its strong upsurge ahead of an important confluence resistance, comprising of 100-day SMA and 23.6% Fibonacci retracement level of the 0.8136-0.7021 YTD decline. "¢ A goodish USD rebound, following the release of stronger than expected US monthly jobs, was seen as one of the key factors prompting some long-unwinding trade from five-week tops. "¢ However, given that the pair has found acceptance above 50-day SMA, for the first time since early April, support prospects for an extension of the recovery move from over 32-month lows. "¢… 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.
