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AUD/USD Technical Analysis: Aussie weakens below the 0.7160 level

AUD/USD daily chart

  • AUD/USD is in a bear trend below the 200 SMA.
  • As discussed, the Aussie had a mild decline to the 0.7150 level.

AUD/USD 4-hour chart

  • AUD/USD is trading above the 100 and 200 SMAs.

AUD/USD 30-minute chart

  • AUD/USD is trading below its main SMAs suggesting bearish momentum. 
  • Bears are likely to drive the market down to the 0.7120 level. 
  • On the flip side, 0.7180 is seen as resistance and is the level to beat for bulls.

Additional key levels  

AUD/USD

Overview:
    Today Last Price: 0.7156
    Today Daily change: -0.0012 pips
    Today Daily change %: -0.17%
    Today Daily Open: 0.7168
Trends:
    Daily SMA20: 0.7112
    Daily SMA50: 0.7183
    Daily SMA100: 0.7172
    Daily SMA200: 0.7317
Levels:
    Previous Daily High: 0.7215
    Previous Daily Low: 0.7161
    Previous Weekly High: 0.7226
    Previous Weekly Low: 0.7146
    Previous Monthly High: 0.7394
    Previous Monthly Low: 0.7014
    Daily Fibonacci 38.2%: 0.7182
    Daily Fibonacci 61.8%: 0.7194
    Daily Pivot Point S1: 0.7148
    Daily Pivot Point S2: 0.7128
    Daily Pivot Point S3: 0.7095
    Daily Pivot Point R1: 0.7202
    Daily Pivot Point R2: 0.7235
    Daily Pivot Point R3: 0.7255

 

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