“¢ The pair stalled Friday’s sharp retracement slide from over one-month tops and managed to find some support near 38.2% Fibonacci retracement level of the 0.7021-0.7259 last week’s upsurge.
“¢ Mixed technical indicators on hourly/daily charts haven’t been supportive of a strong runaway rally ahead of the latest RBA monetary policy update on Tuesday and the FOMC decision on Wednesday.
“¢ Meanwhile, the fact that the pair remains well above important intraday moving averages – 100 & 200-hour SMAs, support prospects for some additional intraday positive momentum.
“¢ However, any meaningful up-move move beyond the 0.7215 immediate resistance might provide a temporary lift but seems more likely to run into some resistance ahead of 100-day SMA.
AUD/USD 1-hourly chart
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AUD/USD
Overview:
Last Price: 0.7199
Daily change: 3.0 pips
Daily change: 0.0417%
Daily Open: 0.7196
Trends:
Daily SMA20: 0.7105
Daily SMA50: 0.7166
Daily SMA100: 0.7271
Daily SMA200: 0.7491
Levels:
Daily High: 0.726
Daily Low: 0.7182
Weekly High: 0.726
Weekly Low: 0.705
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.7211
Daily Fibonacci 61.8%: 0.723
Daily Pivot Point S1: 0.7165
Daily Pivot Point S2: 0.7134
Daily Pivot Point S3: 0.7086
Daily Pivot Point R1: 0.7243
Daily Pivot Point R2: 0.7291
Daily Pivot Point R3: 0.7322
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