“¢ The pair struggled to build on the post-RBA strong rebound from the vicinity of 200-hour SMA and was seen consolidating in a range, around 100-hour SMA, or mid-0.7200s.
“¢ Given the intraday bullish move beyond a two-day-old descending trend-channel, coupled with bullish oscillators on hourly/daily charts support prospects for additional gains.
“¢ Hence, a follow-through positive momentum, towards challenging the very important 200-day SMA barrier and reclaiming the 0.7300 handle, remains a distinct possibility.
“¢ However, the prevalent USD buying interest might turn out to be the only factor that might keep a lid on any subsequent up-move ahead of the US ISM non-manufacturing PMI.
AUD/USD 1-hourly chart
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AUD/USD
Overview:
Today Last Price: 0.7242
Today Daily change %: 0.24%
Today Daily Open: 0.7225
Trends:
Daily SMA20: 0.7183
Daily SMA50: 0.7169
Daily SMA100: 0.7174
Daily SMA200: 0.729
Levels:
Previous Daily High: 0.7255
Previous Daily Low: 0.721
Previous Weekly High: 0.7296
Previous Weekly Low: 0.7138
Previous Monthly High: 0.7296
Previous Monthly Low: 0.6684
Daily Fibonacci 38.2%: 0.7227
Daily Fibonacci 61.8%: 0.7238
Daily Pivot Point S1: 0.7205
Daily Pivot Point S2: 0.7185
Daily Pivot Point S3: 0.716
Daily Pivot Point R1: 0.725
Daily Pivot Point R2: 0.7275
Daily Pivot Point R3: 0.7295
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