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  • While upbeat Australian business survey data propelled the Aussie during early Tuesday, the AUD/USD managed to post a day’s high near 0.7090 on the US President Donald Trump’s comments favoring a likely trade deal between the US and China.
  • However, the sellers continue to lurk ahead of the short-term descending trend-line resistance, at 0.7095, that connects highs marked since last Wednesday.
  • Should the pair cross 0.7095 barrier, its rise to 0.7140 horizontal-line can be expected whereas 0.7170 and a downward sloping resistance-line at 0.7205 may confine additional upside.
  • Alternatively, the 0.7065 and the recent low around 0.7050 seem immediate supports for the pair, a break of which can drag the quote to 61.8% FE level of its latest pullback, at 0.7030.
  • In case bears manage to conquer 0.7030, 0.7000 and 0.6980 could become their next favorites.

AUD/USD hourly chart

Important levels:

Overview:
       Today Last Price:  0.7082
       Today Daily change: 18  pips
       Today Daily change %:  0.25%
       Today Daily Open:  0.7064
Trends:
       Daily SMA20:  0.7168
       Daily SMA50:  0.7151
       Daily SMA100:  0.7167
       Daily SMA200:  0.728
Levels:
       Previous Daily High:  0.7109
       Previous Daily Low:  0.7057
       Previous Weekly High:  0.7265
       Previous Weekly Low:  0.706
       Previous Monthly High:  0.7296
       Previous Monthly Low:  0.6684
       Daily Fibonacci 38.2%:  0.7077
       Daily Fibonacci 61.8%:  0.7089
       Daily Pivot Point S1:  0.7044
       Daily Pivot Point S2:  0.7025
       Daily Pivot Point S3:  0.6992
       Daily Pivot Point R1:  0.7096
       Daily Pivot Point R2:  0.7129
       Daily Pivot Point R3:  0.7148