AUD/USD Technical Analysis: Set-up points to an extension of the intraday positive momentum
|• The pair built on overnight rebound from 38.2% Fibonacci retracement level of the 0.7021-0.7259 last week's upsurge and was seen trending higher along a short-term ascending channel.
• The up-move extended further beyond the 0.7200 handle and positive technical indicators on the hourly chart remained supportive of the ongoing positive momentum.
• The fact that the pair is holding above important intraday moving averages (50, 100 & 200-hour SMAs), support prospects for an extension of the intraday up-move.
• Despite the constructive outlook, the pair still seems more likely to remain capped below the 100-day SMA barrier ahead of the overhyped US midterm elections.
AUD/USD 30-min chart
AUD/USD
Overview:
Last Price: 0.7222
Daily change: 10 pips
Daily change: 0.139%
Daily Open: 0.7212
Trends:
Daily SMA20: 0.7112
Daily SMA50: 0.7163
Daily SMA100: 0.7269
Daily SMA200: 0.7487
Levels:
Daily High: 0.7219
Daily Low: 0.7183
Weekly High: 0.726
Weekly Low: 0.705
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.7205
Daily Fibonacci 61.8%: 0.7196
Daily Pivot Point S1: 0.719
Daily Pivot Point S2: 0.7168
Daily Pivot Point S3: 0.7153
Daily Pivot Point R1: 0.7226
Daily Pivot Point R2: 0.7241
Daily Pivot Point R3: 0.7263
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