Home AUD/USD Technical Analysis: Aussie faces brick wall resistance at 0.7200 handle

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AUD/USD Technical Analysis: Aussie faces brick wall resistance at 0.7200 handle

FX Street

Published date: 12 Apr. 2019 | 19:52

AUD/USD daily chart

AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA).
The market tested the 200 SMA.

AUD/USD 4-hour chart

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

AUD/USD 30-minute chart

AUD/USD found resistance below 0.7200 key resistance.
Bears next objective is to drive the market down to 0.7160, 0.7135 and 0.7110 level.
To the upside, resistance can be seen at 0.7200 and 0.7220 level.

Additional key levels

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