AUD/USD Technical Analysis: 61.8 percent Fib has put brakes on the rally
|- AUD/USD's rally from the Jan. 3 low of 0.6744 has run into a roadblock at 0.7146 - 61.8 percent Fibonacci retracement of 0.7393/0.6744.
- The 5-day and 10-day moving averages (MAs) are trending north, having produced a bullish crossover. The outlook, therefore, would turn bullish if the AUD finds acceptance above the 61.8 percent hurdle.
- Repeated failure to take out the golden ratio of the 61.8 percent Fib would weaken bullish pressures.
Daily chart
Trend: Bullish above 61.8% Fib
AUD/USD
Overview:
Today Last Price: 0.7127
Today Daily change: -17 pips
Today Daily change %: -0.238%
Today Daily Open: 0.7144
Trends:
Previous Daily SMA20: 0.7102
Previous Daily SMA50: 0.7186
Previous Daily SMA100: 0.7183
Previous Daily SMA200: 0.7341
Levels:
Previous Daily High: 0.7151
Previous Daily Low: 0.7089
Previous Weekly High: 0.7125
Previous Weekly Low: 0.6684
Previous Monthly High: 0.7394
Previous Monthly Low: 0.7014
Previous Daily Fibonacci 38.2%: 0.7127
Previous Daily Fibonacci 61.8%: 0.7113
Previous Daily Pivot Point S1: 0.7105
Previous Daily Pivot Point S2: 0.7066
Previous Daily Pivot Point S3: 0.7043
Previous Daily Pivot Point R1: 0.7167
Previous Daily Pivot Point R2: 0.719
Previous Daily Pivot Point R3: 0.7229
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