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   “¢   The pair built on overnight rebound from 38.2% Fibonacci retracement level of the 0.7021-0.7259 last week’s upsurge and was seen trending higher along a short-term ascending channel.

   “¢   The up-move extended further beyond the 0.7200 handle and positive technical indicators on the hourly chart remained supportive of the ongoing positive momentum.  

   “¢   The fact that the pair is holding above important intraday moving averages (50, 100 & 200-hour SMAs), support prospects for an extension of the intraday up-move.

   “¢   Despite the constructive outlook, the pair still seems more likely to remain capped below the 100-day SMA barrier ahead of the overhyped US midterm elections.
 

AUD/USD 30-min chart

AUD/USD

Overview:
       Last Price:  0.7222
       Daily change:  10  pips
       Daily change:  0.139%
       Daily Open:  0.7212
Trends:
       Daily SMA20:  0.7112
       Daily SMA50:  0.7163
       Daily SMA100:  0.7269
       Daily SMA200:  0.7487
Levels:
       Daily High:  0.7219
       Daily Low:  0.7183
       Weekly High:  0.726
       Weekly Low:  0.705
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7205
       Daily Fibonacci 61.8%:  0.7196
       Daily Pivot Point S1:  0.719
       Daily Pivot Point S2:  0.7168
       Daily Pivot Point S3:  0.7153
       Daily Pivot Point R1:  0.7226
       Daily Pivot Point R2:  0.7241
       Daily Pivot Point R3:  0.7263