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AUD/USD Technical Analysis: Aussie bulls at weekly highs challenging 0.7200 figure ahead of the Fed

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-day simple moving averages (SMAs).  
  • The Fed’s Monetary Policy Statement at 19.00 GMT and the FOMC press conference this Wednesday could provide volatilty in the forex market.

AUD/USD 4-hour chart

  • AUD/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.  

AUD/USD 30-minute chart

  • Aussie is trading above its main SMAs suggesting bullish momentum.  
  • Bulls will need to overcome the 0.7200 key resistance in order to travel to 0.7240 and 0.7300 figure to the upside.  
  • On the flip side, supports are seen near 0.7180 and 0.7140.

Additional key levels

AUD/USD

Overview:
       Today Last Price:  0.7195
       Today Daily change: +44  pips
       Today Daily change %:  0.62%
       Today Daily Open:  0.7151
Trends:
       Daily SMA20:  0.7146
       Daily SMA50:  0.7168
       Daily SMA100:  0.7171
       Daily SMA200:  0.7297
Levels:
       Previous Daily High:  0.7176
       Previous Daily Low:  0.7138
       Previous Weekly High:  0.7185
       Previous Weekly Low:  0.7076
       Previous Monthly High:  0.7394
       Previous Monthly Low:  0.7014
       Daily Fibonacci 38.2%:  0.7153
       Daily Fibonacci 61.8%:  0.7162
       Daily Pivot Point S1:  0.7134
       Daily Pivot Point S2:  0.7116
       Daily Pivot Point S3:  0.7095
       Daily Pivot Point R1:  0.7172
       Daily Pivot Point R2:  0.7193
       Daily Pivot Point R3:  0.7211

 

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