AUD/USD Technical Analysis: Tucking into fresh weekly lows near 0.7060 as bearish trendline remains
|The last twenty-four hours have been poor to the AUD/USD, with the Aussie slipping back down after rejecting off of a descending trendline, formed off of last Friday's peak at 0.7150, a major consolidation and resistance zone.
AUD/USD, M5
The past week has seen the AUD/USD accelerate its bearish stance, declining outside the low end of the pair's declining channel, and the lower boundary could turn into a key resistance level.
AUD/USD, M30
The AUD/USD has seen a bearish lean in the past month as well, declining into a short side trendline break from 0.7090, and the pair could remain constrained near the last swing low near 0.7050 unless bears gather enough momentum to break the Aussie into a fresh 2018 low.
AUD/USD, H4
AUD/USD
Overview:
Last Price: 0.7073
Daily change: -8.0 pips
Daily change: -0.113%
Daily Open: 0.7081
Trends:
Daily SMA20: 0.7137
Daily SMA50: 0.72
Daily SMA100: 0.7314
Daily SMA200: 0.7531
Levels:
Daily High: 0.7128
Daily Low: 0.7076
Weekly High: 0.7161
Weekly Low: 0.7089
Monthly High: 0.7316
Monthly Low: 0.7085
Daily Fibonacci 38.2%: 0.7095
Daily Fibonacci 61.8%: 0.7108
Daily Pivot Point S1: 0.7062
Daily Pivot Point S2: 0.7043
Daily Pivot Point S3: 0.701
Daily Pivot Point R1: 0.7114
Daily Pivot Point R2: 0.7147
Daily Pivot Point R3: 0.7166
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.