AUD/USD Technical Analysis: Still struggling to make it through the 0.7150 barrier
|• The pair has been finding decent support near 100-hour SMA since the beginning of this week, albeit once again failed to build on the momentum beyond mid-0.7100s.
• Technical indicators on the mentioned chart are yet to catch up with the recent positive move and haven't been supportive of a possible short-term bullish break-out.
• Hence, it would be prudent to wait for a strong follow-through buying, beyond mid-0.7100s, before traders start positioning for any further near-term appreciating move.
• Alternatively, a convincing break through 100-hour SMA currently near the 0.7125 region, might turn the pair vulnerable to resume with its prior/well-established bearish trend.
AUD/USD 1-hourly chart
AUD/USD
Overview:
Last Price: 0.7137
Daily change: -4.0 pips
Daily change: -0.0560%
Daily Open: 0.7141
Trends:
Daily SMA20: 0.7171
Daily SMA50: 0.722
Daily SMA100: 0.7333
Daily SMA200: 0.7546
Levels:
Daily High: 0.7152
Daily Low: 0.7111
Weekly High: 0.7141
Weekly Low: 0.7041
Monthly High: 0.7316
Monthly Low: 0.7041
Daily Fibonacci 38.2%: 0.7137
Daily Fibonacci 61.8%: 0.7127
Daily Pivot Point S1: 0.7118
Daily Pivot Point S2: 0.7094
Daily Pivot Point S3: 0.7077
Daily Pivot Point R1: 0.7158
Daily Pivot Point R2: 0.7175
Daily Pivot Point R3: 0.7199
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