AUD/USD Technical Analysis: Attempting breakout amid news Trump is fearing impeachment
|- Over on the hourly chart, the AUD/USD pair charted a bullish divergence of the relative strength index (RSI) earlier today and is now chipping away the upper edge of the symmetrical triangle, currently at 0.7214.
- A break above 0.7214, if confirmed, would allow a test of the horizontal resistance lined up at 0.7242.
- Notably, the American dollar may be offered across the board as reports are doing the rounds that President Trump is worried of being impeached after Democrats take over the House. As a result, a symmetrical triangle breakout is more likely to happen.
Hourly Chart
AUD/USD
Overview:
Today Last Price: 0.7208
Today Daily change: 22 pips
Today Daily change %: 0.306%
Today Daily Open: 0.7186
Trends:
Previous Daily SMA20: 0.7265
Previous Daily SMA50: 0.7184
Previous Daily SMA100: 0.7235
Previous Daily SMA200: 0.7407
Levels:
Previous Daily High: 0.7227
Previous Daily Low: 0.7174
Previous Weekly High: 0.7394
Previous Weekly Low: 0.7192
Previous Monthly High: 0.7345
Previous Monthly Low: 0.7072
Previous Daily Fibonacci 38.2%: 0.7207
Previous Daily Fibonacci 61.8%: 0.7194
Previous Daily Pivot Point S1: 0.7164
Previous Daily Pivot Point S2: 0.7143
Previous Daily Pivot Point S3: 0.7112
Previous Daily Pivot Point R1: 0.7217
Previous Daily Pivot Point R2: 0.7249
Previous Daily Pivot Point R3: 0.727
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.