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AUD/USD Technical Analysis: contracting triangle breakdown seen in 15-min chart

  • The AUD/USD has pierced the lower edge of the contracting triangle soon before press time, signaling the resumption of the drop from yesterday’s high of 0.7149.
  • On the hourly chart, the key MAs – 50, 100, and 200, are trending south and located one below the other.
  • On the daily chart, the 5- and 10-day MAs are sloping downwards, pointing to short-term bearish setup.
  • All this indicates, the pair is likely to revisit yesterday’s low of 0.7086.

15-minute chart            

                                                                                                               

Trend: Bearish

AUD/USD

Overview:
       Today Last Price:  0.711
       Today Daily change:  -7.0  pips
       Today Daily change %:  -0.0984%
       Today Daily Open:  0.7117
Trends:
       Previous Daily SMA20:  0.7231
       Previous Daily SMA50:  0.7197
       Previous Daily SMA100:  0.7216
       Previous Daily SMA200:  0.7382
Levels:
       Previous Daily High:  0.7149
       Previous Daily Low:  0.7086
       Previous Weekly High:  0.7247
       Previous Weekly Low:  0.7151
       Previous Monthly High:  0.7345
       Previous Monthly Low:  0.7072
       Previous Daily Fibonacci 38.2%:  0.7125
       Previous Daily Fibonacci 61.8%:  0.711
       Previous Daily Pivot Point S1:  0.7085
       Previous Daily Pivot Point S2:  0.7054
       Previous Daily Pivot Point S3:  0.7022
       Previous Daily Pivot Point R1:  0.7149
       Previous Daily Pivot Point R2:  0.7181
       Previous Daily Pivot Point R3:  0.7212

 

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