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AUD/USD Technical Analysis: 61.8 percent Fib has put brakes on the rally

  • AUD/USD’s rally from the Jan. 3 low of 0.6744 has run into a roadblock at 0.7146 – 61.8 percent Fibonacci retracement of 0.7393/0.6744.
  • The 5-day and 10-day moving averages (MAs) are trending north, having produced a bullish crossover. The outlook, therefore, would turn bullish if the AUD finds acceptance above the 61.8 percent hurdle.
  • Repeated failure to take out the golden ratio of the 61.8 percent Fib would weaken bullish pressures.

Daily chart

Trend: Bullish above 61.8% Fib

AUD/USD

Overview:
       Today Last Price:  0.7127
       Today Daily change:  -17  pips
       Today Daily change %:  -0.238%
       Today Daily Open:  0.7144
Trends:
       Previous Daily SMA20:  0.7102
       Previous Daily SMA50:  0.7186
       Previous Daily SMA100:  0.7183
       Previous Daily SMA200:  0.7341
Levels:
       Previous Daily High:  0.7151
       Previous Daily Low:  0.7089
       Previous Weekly High:  0.7125
       Previous Weekly Low:  0.6684
       Previous Monthly High:  0.7394
       Previous Monthly Low:  0.7014
       Previous Daily Fibonacci 38.2%:  0.7127
       Previous Daily Fibonacci 61.8%:  0.7113
       Previous Daily Pivot Point S1:  0.7105
       Previous Daily Pivot Point S2:  0.7066
       Previous Daily Pivot Point S3:  0.7043
       Previous Daily Pivot Point R1:  0.7167
       Previous Daily Pivot Point R2:  0.719
       Previous Daily Pivot Point R3:  0.7229

 

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