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  • 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