AUD/USD Technical Analysis: Trapped in a falling channel on 15-min chart ahead of China trade data
|- Trapped in a falling channel on the 15-minute chart, the AUD/USD is currently trading at 0.7268.
- A break above the upper edge of the channel would validate yesterday's bullish close above the 100-day exponential moving average (EMA) and could yield a convincing move above 0.73.
- A downside break could yield a deeper pullback to the ascending 5-day EMA, currently at 0.7236. The pullback, however, could be short-lived as the 5-, 10-day EMAs are trending north and the 14-day RSI is printing bullish above 50.00.
- A better-than-expected China trade surplus may boost risk appetite and lift the AUD well above the falling channel resistance. A sustained rally, however, could be seen if the details reveal a sharp rise iron ore and copper imports (two of Australia's top exports).
15-minute chart
Trend: Neutral
AUD/USD
Overview:
Last Price: 0.7269
Daily change: -9.0 pips
Daily change: -0.124%
Daily Open: 0.7278
Trends:
Daily SMA20: 0.7129
Daily SMA50: 0.716
Daily SMA100: 0.7267
Daily SMA200: 0.7478
Levels:
Daily High: 0.7302
Daily Low: 0.7213
Weekly High: 0.726
Weekly Low: 0.705
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.7268
Daily Fibonacci 61.8%: 0.7247
Daily Pivot Point S1: 0.7227
Daily Pivot Point S2: 0.7175
Daily Pivot Point S3: 0.7138
Daily Pivot Point R1: 0.7316
Daily Pivot Point R2: 0.7354
Daily Pivot Point R3: 0.7405
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