AUD/USD Technical Analysis: Remains vulnerable to retest 0.7200 handle
|• The pair stalled its intraday recovery move and started reversing gains from a resistance marked by 38.2% Fibonacci retracement level of this week's downfall.
• The pair has retreated around 20-pips from session tops, breaking through an intraday ascending trend-line, and falling below 23.6% Fibonacci retracement level.
• Technical indicators on short-term charts point to increasing bearish pressure at higher levels and further add credence to the intraday bearish breakdown.
• The technical set-up clearly indicates that the corrective bounce might have already lost steam and the pair could be headed back towards challenging the 0.7200 handle.
AUD/USD
Overview:
Last Price: 0.7232
Daily change: 12 pips
Daily change: 0.166%
Daily Open: 0.722
Trends:
Daily SMA20: 0.7191
Daily SMA50: 0.7173
Daily SMA100: 0.7255
Daily SMA200: 0.7448
Levels:
Daily High: 0.7302
Daily Low: 0.7212
Weekly High: 0.7336
Weekly Low: 0.7164
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.7246
Daily Fibonacci 61.8%: 0.7268
Daily Pivot Point S1: 0.7187
Daily Pivot Point S2: 0.7154
Daily Pivot Point S3: 0.7097
Daily Pivot Point R1: 0.7278
Daily Pivot Point R2: 0.7335
Daily Pivot Point R3: 0.7368
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