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AUD/USD Technical Analysis: Aussie getting ready for the drop to 0.7200 figure

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA) as the market is dropping below the 0.7400 and 0.7300 figures. 

AUD/USD 4-hour chart

  • The Aussie broke below the 0.7300 as well as the 50 and 100 SMAs suggesting potential weakness in the coming sessions.
  • Technical indicators have also turned bearish.


AUD/USD 30-minute chart

  • On lower time-frames, the market is set to retest 0.7300 and then potentially drop to 0.7200 figure. 


Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.7269
    Today Daily change: -67 pips
    Today Daily change %: -0.913%
    Today Daily Open: 0.7336
Trends:
    Previous Daily SMA20: 0.7267
    Previous Daily SMA50: 0.7184
    Previous Daily SMA100: 0.7242
    Previous Daily SMA200: 0.7419
Levels:
    Previous Daily High: 0.7394
    Previous Daily Low: 0.7326
    Previous Weekly High: 0.7345
    Previous Weekly Low: 0.7199
    Previous Monthly High: 0.7345
    Previous Monthly Low: 0.7072
    Previous Daily Fibonacci 38.2%: 0.7352
    Previous Daily Fibonacci 61.8%: 0.7368
    Previous Daily Pivot Point S1: 0.731
    Previous Daily Pivot Point S2: 0.7284
    Previous Daily Pivot Point S3: 0.7242
    Previous Daily Pivot Point R1: 0.7378
    Previous Daily Pivot Point R2: 0.742
    Previous Daily Pivot Point R3: 0.7446

 

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