AUD/USD Technical Analysis: Aussie bears take the helm as the market is set to drop to 0.7250 level
|AUD/USD 4-hour chart
- AUD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
- AUD/USD failed to sustain prices above the 0.7300 handle while technical indicators are weakening.
- AUD/USD is set to remain capped by 0.7320 with a potential drop to the 0.7250 level in the coming sessions.
Additional key levels at a glance:
AUD/USD
Overview:
Last Price: 0.7292
Daily change: -43 pips
Daily change: -0.586%
Daily Open: 0.7335
Trends:
Daily SMA20: 0.7174
Daily SMA50: 0.7168
Daily SMA100: 0.7257
Daily SMA200: 0.7454
Levels:
Daily High: 0.7336
Daily Low: 0.725
Weekly High: 0.7336
Weekly Low: 0.7164
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.7303
Daily Fibonacci 61.8%: 0.7283
Daily Pivot Point S1: 0.7278
Daily Pivot Point S2: 0.722
Daily Pivot Point S3: 0.7191
Daily Pivot Point R1: 0.7364
Daily Pivot Point R2: 0.7393
Daily Pivot Point R3: 0.7451
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.