AUD/USD Technical Analysis: Riding high into 0.7250, but overextension a risk

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The last twenty-four hours sees the AUD/USD taking a run at 0.7250 but the level remains unclaimed heading into Friday’s busy EU and US market sessions.

AUD/USD M5

Hourly candles have the Aussie breaking through all near-term resistance levels, and the AUD/USD finds itself in no man’s land and completely overextended at hourly indicators run out of room to run.

AUD/USD H1

On 4-Hour candles the AUD/USD has blown past the 200-period moving average and the next meaningful resistance level remains at the 0.7300 handle.

AUD/USD H4

AUD/USD

Overview:
    Last Price: 0.7239
    Daily change: 33 pips
    Daily change: 0.458%
    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

 

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