- The AUD/USD pair revisited three-week highs near 0.7170 soon before press time, having defended the former resistance-turned-support of 0.7146 (61.8% Fib R of 0.7393/0.6744) earlier today, despite the weaker-than-expected Aussie building approvals figure.
- A close today above that level would confirm a bearish-to-bullish trend change and open the doors to 0.7247 (Dec. 13 high).
- Supporting the bullish case is the 14-day relative strength index (RSI) of 54.00 and the positive crossover between the 5- and 10-day moving averages (MAs).
- Bullish pressures will likely weaken if the AUD violates the higher low of 0.7106.
Hourly Chart
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Daily Chart
-636826007361394438.png)
Trend: Bullish
AUD/USD
Overview:
Today Last Price: 0.7163
Today Daily change: 24 pips
Today Daily change %: 0.336%
Today Daily Open: 0.7139
Trends:
Previous Daily SMA20: 0.7099
Previous Daily SMA50: 0.7187
Previous Daily SMA100: 0.7181
Previous Daily SMA200: 0.7338
Levels:
Previous Daily High: 0.7151
Previous Daily Low: 0.7116
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%: 0.7129
Previous Daily Fibonacci 61.8%: 0.7138
Previous Daily Pivot Point S1: 0.712
Previous Daily Pivot Point S2: 0.71
Previous Daily Pivot Point S3: 0.7085
Previous Daily Pivot Point R1: 0.7155
Previous Daily Pivot Point R2: 0.717
Previous Daily Pivot Point R3: 0.719
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