“¢ The pair was seen oscillating in a narrow band, consolidating dismal Australian GDP-led sharp intraday fall and forming a rectangle on the 1-hourly chart.
“¢ A decisive breakthrough 100-hour SMA turned out to be a key trigger for bearish traders, albeit now seemed showing some reluctance below 200-hour SMA.
“¢ Technical indicators on the mentioned chart have already recovery from oversold territory and have been losing positive momentum on the 4-hourly chart.
“¢ The set-up clearly points to additional intraday downfall, though bullish oscillators on the daily chart might attract some dip-buying and help limit deeper losses.
AUD/USD 1-hourly chart
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AUD/USD
Overview:
Today Last Price: 0.7295
Today Daily change: -41 pips
Today Daily change %: -0.559%
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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