The AUD/USD pair – currently reporting 0.20 percent gain at 0.7135 – could rise further above 0.7150, as the 14-hour relative strength has diverged in favor of the bulls.
Hourly chart
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- As seen above, the RSI charted a higher low yesterday in response to a lower low on price. That bullish divergence favors a stronger corrective bounce.
- Validating that argument is the upside break of the descending trendline.
- The overall outlook, however, would turn bullish while the pair is trapped in a descending broadening channel.
Trend: Neutral
AUD/USD
Overview:
Today Last Price: 0.7137
Today Daily change: 0.0019 pips
Today Daily change %: 0.27%
Today Daily Open: 0.7118
Trends:
Daily SMA20: 0.7121
Daily SMA50: 0.7181
Daily SMA100: 0.7171
Daily SMA200: 0.7311
Levels:
Previous Daily High: 0.7162
Previous Daily Low: 0.7115
Previous Weekly High: 0.7226
Previous Weekly Low: 0.7146
Previous Monthly High: 0.7394
Previous Monthly Low: 0.7014
Daily Fibonacci 38.2%: 0.7133
Daily Fibonacci 61.8%: 0.7144
Daily Pivot Point S1: 0.7102
Daily Pivot Point S2: 0.7085
Daily Pivot Point S3: 0.7055
Daily Pivot Point R1: 0.7149
Daily Pivot Point R2: 0.7179
Daily Pivot Point R3: 0.7196
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