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AUD/USD Technical Analysis: Aussie getting ready for the drop to 0.7200 figure

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA) as the market is dropping below the 0.7400 and 0.7300 figures.  

AUD/USD 4-hour chart

  • The Aussie broke below the 0.7300 as well as the 50 and 100 SMAs suggesting potential weakness in the coming sessions.
  • Technical indicators have also turned bearish.


AUD/USD 30-minute chart

  • On lower time-frames, the market is set to retest 0.7300 and then potentially drop to 0.7200 figure.  


Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7269
       Today Daily change:  -67  pips
       Today Daily change %:  -0.913%
       Today Daily Open:  0.7336
Trends:
       Previous Daily SMA20:  0.7267
       Previous Daily SMA50:  0.7184
       Previous Daily SMA100:  0.7242
       Previous Daily SMA200:  0.7419
Levels:
       Previous Daily High:  0.7394
       Previous Daily Low:  0.7326
       Previous Weekly High:  0.7345
       Previous Weekly Low:  0.7199
       Previous Monthly High:  0.7345
       Previous Monthly Low:  0.7072
       Previous Daily Fibonacci 38.2%:  0.7352
       Previous Daily Fibonacci 61.8%:  0.7368
       Previous Daily Pivot Point S1:  0.731
       Previous Daily Pivot Point S2:  0.7284
       Previous Daily Pivot Point S3:  0.7242
       Previous Daily Pivot Point R1:  0.7378
       Previous Daily Pivot Point R2:  0.742
       Previous Daily Pivot Point R3:  0.7446

 

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