AUD/USD Technical Analysis: 0.7070 support back on sight
|- A break of month-long ascending trend-line (TL) shifts AUD/USD traders’ focus back to 0.7075-70 support-zone as it encompasses late December highs and January lows.
- Should the pair drop beneath 0.7070, bears may get additional strength in targeting 0.7015 and 0.7000 supports while 0.6980 and 0.6925 be in their radars afterwards.
- Alternatively, the 0.7100 round figure can keep limiting near-term upside with the 0.7145 and the 0.7180 acting as following resistances past-0.7100.
- During the pair’s extended rise above 0.7180, 0.7200 and immediate resistance-line, at 0.7250, might offer intermediate halt prior to highlighting previous month of 0.7295.
- While a sustained downturn under TL support signals further declines, oversold levels of 14-bar relative strength index (RSI) disturbs the outlook and requires a confirmation.
AUD/USD
Overview:
Today Last Price: 0.7099
Today Daily change: -20 pips
Today Daily change %: -0.28%
Today Daily Open: 0.7119
Trends:
Daily SMA20: 0.7184
Daily SMA50: 0.7165
Daily SMA100: 0.7172
Daily SMA200: 0.7287
Levels:
Previous Daily High: 0.7246
Previous Daily Low: 0.7109
Previous Weekly High: 0.7296
Previous Weekly Low: 0.7138
Previous Monthly High: 0.7296
Previous Monthly Low: 0.6684
Daily Fibonacci 38.2%: 0.7161
Daily Fibonacci 61.8%: 0.7194
Daily Pivot Point S1: 0.707
Daily Pivot Point S2: 0.7021
Daily Pivot Point S3: 0.6933
Daily Pivot Point R1: 0.7207
Daily Pivot Point R2: 0.7295
Daily Pivot Point R3: 0.7344
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