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AUD/USD Technical Analysis: Drive back into 0.7200 sees significant resistance waiting

  • AUD/USD has drifted higher over the past week as the US Dollar takes a step lower, sending the pair into resistance near the key 0.7200 handle in one-sided action.

AUD/USD, 15-Minute

  • Despite a rapid plunge into 0.6770 on renewed risk aversion recently, the Aussie has recovered nicely, but a heavy resistance zone from 0.7200 – 0.7230 remains intact.

AUD/USD, 1-Hour

  • AUD/USD has gone sideways looking longer-term, cycling the 0.7200 level in rough action as Antipodean traders await further impetus to push the pair in either direction.

AUD/USD, 4-Hour

AUD/USD

Overview:
       Today Last Price:  0.7184
       Today Daily change:  3.0  pips
       Today Daily change %:  0.0418%
       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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