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AUD/USD Technical Analysis: Aussie is retracing down en route to 0.7200 figure

  • AUD/USD is trading in a bull trend above the 200-period simple moving average. 
  • AUD/USD met a solid resistance at the 0.7300 figure. The market is pulling back down and retracing the recent bullish advance seen in November. Technical indicators are bearish although the Stochastic is already in oversold condition. 
  • 0.7200 is the target to the downside.  


AUD/USD 4-hour chart

Main trend:              Bullish

Resistance 1:          0.7260 November 2 high
Resistance 2:          0.7300 figure
Resistance 3:          0.7383 August 21 high
Resistance 4:          0.7400 figure

Support 1:               0.7200 figure
Support 2:               0.7144 September 5 low
Support 3:               0.7100 figure
Support 4:               0.7085, September 11 low


Additional key levels at a glance:

AUD/USD

Overview:
    Last Price: 0.7227
    Daily change: -27 pips
    Daily change: -0.372%
    Daily Open: 0.7254
Trends:
    Daily SMA20: 0.7136
    Daily SMA50: 0.716
    Daily SMA100: 0.7266
    Daily SMA200: 0.7474
Levels:
    Daily High: 0.7304
    Daily Low: 0.7246
    Weekly High: 0.726
    Weekly Low: 0.705
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7268
    Daily Fibonacci 61.8%: 0.7282
    Daily Pivot Point S1: 0.7233
    Daily Pivot Point S2: 0.7211
    Daily Pivot Point S3: 0.7175
    Daily Pivot Point R1: 0.729
    Daily Pivot Point R2: 0.7326
    Daily Pivot Point R3: 0.7348

 

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