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AUD/USD Technical Analysis: Aussie challenging 0.7200 key resistance ahead of Fed’s Powell speech

AUD/USD Daily chart

  • AUD/USD is trading in a bear trend below the 200 SMA.
  • AUD/USD is challenging the 50 and 100 SMA near the 0.7200 figure
  • Fed’s Powell is set to speak at 17.00 GMT and it this can have a strong impact on the currency markets.

AUD/USD 4-hour chart

  • AUD/USD bulls have gained some positive momentum as they reclaimed the 200 SMA.

AUD/USD 30-minute chart

  • AUD/USD is trading above its main SMAs and bulls are eager to break above the 0.7200 figure.  
  • However, in the absence of  a breakout above the level USD bulls might take the lead and resume the main bear trend by targeting 0.7100 to the downside.

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7189
       Today Daily change:  8.0  pips
       Today Daily change %:  0.111%
       Today Daily Open:  0.7181
Trends:
       Previous Daily SMA20:  0.7097
       Previous Daily SMA50:  0.7189
       Previous Daily SMA100:  0.7179
       Previous Daily SMA200:  0.7336
Levels:
       Previous Daily High:  0.7194
       Previous Daily Low:  0.713
       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%:  0.717
       Previous Daily Fibonacci 61.8%:  0.7154
       Previous Daily Pivot Point S1:  0.7143
       Previous Daily Pivot Point S2:  0.7104
       Previous Daily Pivot Point S3:  0.7079
       Previous Daily Pivot Point R1:  0.7207
       Previous Daily Pivot Point R2:  0.7232
       Previous Daily Pivot Point R3:  0.7271

 

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