- The past twenty-four hours see the AUD/USD picking up some bullish support from a rising trendline after hitting familiar bottoms at 0.7180 early in the week, and bidders are using intraday bounces from the 200-period moving average to scoop out levels for the Aussie, but downside pressure remains a risk factor.
- AUD/USD Forecast: Has eroded 9-month-long falling trendline ahead of the RBA rate decision
AUD/USD M5
- The past two weeks have put the Aussie into a new near-term high from 0.7250, but this week’s trading has been unable to firmly retake last Friday’s peaks, and near-term support is resting at the 50-hour moving average currently sitting at 0.7196, just south of the 0.7200 major technical handle.
AUD/USD H1
- Over the past two months the AUD/USD seen a surge above the 200-period moving average on 4-Hour candles from 0.7150, and the 50-period MA is beginning a bullish cross that will help spur buyers into further gains, but the immediate risk is that medium-term action will see further shocks to the lower end before getting shored up from the confluence-heavy 61.8% Fibo retracement zone.
AUD/USD H4
AUD/USD
Overview:
Last Price: 0.7211
Daily change: -1.0 pips
Daily change: -0.0139%
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