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   “¢   The pair has managed to rebound around 20-25 pips from fresh 32-month lows and in the process managed to clear a descending trend-line resistance on the 1-hourly chart.  

   “¢   The said trend-line constituted towards the formation of a bullish falling-wedge chart pattern formation, suggesting that the pair might have already bottomed out near mid-0.7000s.

   “¢   On the mentioned chart, mixed technical indicators haven’t been supportive of the bullish formation and hence, any subsequent up-move seems more likely to be capped at 100-hour SMA.

   “¢   The upcoming release of the keenly watched US monthly jobs report (NFP) will play an important role in determining the pair’s next leg of directional move.  

AUD/USD 1-hourly chart


       Last Price:  0.7078
       Daily change:  1.0  pips
       Daily change:  0.0141%
       Daily Open:  0.7077
       Daily SMA20:  0.7194
       Daily SMA50:  0.7268
       Daily SMA100:  0.7369
       Daily SMA200:  0.7575
       Daily High:  0.7114
       Daily Low:  0.7066
       Weekly High:  0.7316
       Weekly Low:  0.7202
       Monthly High:  0.7316
       Monthly Low:  0.7085
       Daily Fibonacci 38.2%:  0.7084
       Daily Fibonacci 61.8%:  0.7095
       Daily Pivot Point S1:  0.7057
       Daily Pivot Point S2:  0.7037
       Daily Pivot Point S3:  0.7008
       Daily Pivot Point R1:  0.7105
       Daily Pivot Point R2:  0.7134
       Daily Pivot Point R3:  0.7154