AUD/USD Technical Analysis: trying to lock in 0.7100 after pushing off from 200-hour MA
|- The Aussie's intraday action for early Thursday sees a bump higher on a multi-year low for the Aussie Unemployment Rate, but the Participation Rate and Employment change figures leave something to be desired. Despite the mixed reading, AUD bulls are jumping on the opportunity to bid up the Aussie, and the pair is managing to hold onto the early session's intraday gains for the time being.
- Long-side traders are piling up support just above the 200-hour moving average, looking to springboard back into the 0.7200 region as this week's high-side moves remain capped by 0.7150.
- Despite a determined lift from last week's bottom at 0.7040, the higher candles show the Aussie struggling to maintain bullish momentum, and a failed break will see the pair dip back into the main bearish trend.
AUD/USD
Overview:
Last Price: 0.7122
Daily change: 13 pips
Daily change: 0.183%
Daily Open: 0.7109
Trends:
Daily SMA20: 0.7164
Daily SMA50: 0.7213
Daily SMA100: 0.7329
Daily SMA200: 0.7542
Levels:
Daily High: 0.7161
Daily Low: 0.7106
Weekly High: 0.7141
Weekly Low: 0.7041
Monthly High: 0.7316
Monthly Low: 0.7041
Daily Fibonacci 38.2%: 0.7127
Daily Fibonacci 61.8%: 0.714
Daily Pivot Point S1: 0.709
Daily Pivot Point S2: 0.7071
Daily Pivot Point S3: 0.7035
Daily Pivot Point R1: 0.7145
Daily Pivot Point R2: 0.718
Daily Pivot Point R3: 0.7199
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