AUD/USD Technical Analysis: Finds acceptance above 50-hour SMA, US retail sales data eyed for fresh impetus
|• The pair struggled to build on Friday's disappointing headline NFP-led goodish bounce from the key 0.70 psychological mark, or over two-month lows and remained capped near mid-0.7000s.
• Meanwhile, the uptick from a two-month-old descending trend-line seems to have found acceptance above 50-hour SMA, which has been acting as a key barrier over the past 1-1/2 week or so.
• Technical indicators on the 1-hourly chart have moved into the positive territory and add credence to the constructive set-up, though bearish oscillators on 4-hourly/daily charts warrant caution.
• Hence, it would be prudent to wait for a strong follow-through buying before confirming that the pair has already bottomed out in the near-term or positioning for any further appreciating move.
AUD/USD 1-hourly chart
AUD/USD
Overview:
Today Last Price: 0.7044
Today Daily change %: 0.00%
Today Daily Open: 0.7044
Trends:
Daily SMA20: 0.7106
Daily SMA50: 0.7133
Daily SMA100: 0.7161
Daily SMA200: 0.724
Levels:
Previous Daily High: 0.7053
Previous Daily Low: 0.7002
Previous Weekly High: 0.7118
Previous Weekly Low: 0.7002
Previous Monthly High: 0.7285
Previous Monthly Low: 0.7053
Daily Fibonacci 38.2%: 0.7034
Daily Fibonacci 61.8%: 0.7021
Daily Pivot Point S1: 0.7013
Daily Pivot Point S2: 0.6982
Daily Pivot Point S3: 0.6962
Daily Pivot Point R1: 0.7064
Daily Pivot Point R2: 0.7084
Daily Pivot Point R3: 0.7115
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