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AUD/USD Technical Analysis: Aussie potentially set for a deep pullback to 0.7075 next week

AUD/USD 4-hour chart

  • AUD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
  • Aussie bulls are losing momentum below the 50 and 100 SMA. The RSI, MACD and Stochastic indicators are bearish.
  • If 0.7200 is broken the market should drop to 0.7075 in the next week.

Additional key levels  

AUD/USD

Overview:
       Last Price:  0.723
       Daily change:  -22  pips
       Daily change:  -0.303%
       Daily Open:  0.7252
Trends:
       Daily SMA20:  0.721
       Daily SMA50:  0.7176
       Daily SMA100:  0.7252
       Daily SMA200:  0.7442
Levels:
       Daily High:  0.727
       Daily Low:  0.7234
       Weekly High:  0.7336
       Weekly Low:  0.7164
       Monthly High:  0.724
       Monthly Low:  0.702
       Daily Fibonacci 38.2%:  0.7247
       Daily Fibonacci 61.8%:  0.7256
       Daily Pivot Point S1:  0.7233
       Daily Pivot Point S2:  0.7215
       Daily Pivot Point S3:  0.7197
       Daily Pivot Point R1:  0.727
       Daily Pivot Point R2:  0.7288
       Daily Pivot Point R3:  0.7306

 

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