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AUD/USD Technical Analysis: Aussie weakens below the 0.7160 level

AUD/USD daily chart

  • AUD/USD is in a bear trend below the 200 SMA.
  • As discussed, the Aussie had a mild decline to the 0.7150 level.

AUD/USD 4-hour chart

  • AUD/USD is trading above the 100 and 200 SMAs.

AUD/USD 30-minute chart

  • AUD/USD is trading below its main SMAs suggesting bearish momentum.  
  • Bears are likely to drive the market down to the 0.7120 level.  
  • On the flip side, 0.7180 is seen as resistance and is the level to beat for bulls.

Additional key levels  

AUD/USD

Overview:
       Today Last Price:  0.7156
       Today Daily change:  -0.0012  pips
       Today Daily change %:  -0.17%
       Today Daily Open:  0.7168
Trends:
       Daily SMA20:  0.7112
       Daily SMA50:  0.7183
       Daily SMA100:  0.7172
       Daily SMA200:  0.7317
Levels:
       Previous Daily High:  0.7215
       Previous Daily Low:  0.7161
       Previous Weekly High:  0.7226
       Previous Weekly Low:  0.7146
       Previous Monthly High:  0.7394
       Previous Monthly Low:  0.7014
       Daily Fibonacci 38.2%:  0.7182
       Daily Fibonacci 61.8%:  0.7194
       Daily Pivot Point S1:  0.7148
       Daily Pivot Point S2:  0.7128
       Daily Pivot Point S3:  0.7095
       Daily Pivot Point R1:  0.7202
       Daily Pivot Point R2:  0.7235
       Daily Pivot Point R3:  0.7255

 

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