AUD/USD Price Analysis: Bulls face rejection near 0.7750


  • AUD/USD consolidates gains below 0.7750 in early European session.
  • Pair seeks more downside if price breaks below 0.7710.
  • Momentum oscillator remains on oversold trajectory and warns against aggressive bets.

The AUD/USD pair maintains a muted tone and trades in a range-bound manner in the European session. The pair tracks the previous day’s subdued price action, accumulating 30-pip moves at a time.

At the time of writing, the AUD/USD pair is trading at 0.7744, up 0.019% on the day.

AUD/USD daily chart

On the daily chart, the pair has been consolidating gains above the 0.7730 level. The price is placed just above the 50-day Simple Moving Average (SMA) at 0.7712. If price breaks below the mentioned level, then the first stop would be Thursday's low at 0.7687.

The Moving Average Convergence Divergence (MACD) indicator reads above the midline with  bearish crossover. This suggests the price could correct further toward the 0.7650 horizontal support level followed by the April 14 lows at 0.7633.

Alternatively, if price makes a sustained move above the session’s high at 0.7747, then it could reach the previous day’s high at 0.7768 followed by the 0.7820 horizontal resistance level.

The next area of resistance would be the May 7 high at 0.7853 for bulls.

AUD/USD Additional Levels


Today last price 0.7743
Today Daily Change 0.0014
Today Daily Change % 0.18
Today daily open 0.7729
Daily SMA20 0.7761
Daily SMA50 0.771
Daily SMA100 0.7721
Daily SMA200 0.7492
Previous Daily High 0.7769
Previous Daily Low 0.7688
Previous Weekly High 0.7863
Previous Weekly Low 0.7674
Previous Monthly High 0.7819
Previous Monthly Low 0.7531
Daily Fibonacci 38.2% 0.7738
Daily Fibonacci 61.8% 0.7719
Daily Pivot Point S1 0.7688
Daily Pivot Point S2 0.7647
Daily Pivot Point S3 0.7607
Daily Pivot Point R1 0.7769
Daily Pivot Point R2 0.781
Daily Pivot Point R3 0.785



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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD steadies above 1.2100 ahead of US retail sales

EUR/USD is hovering in a narrow range above 1.2100, consolidating the recent recovery from monthly lows ahead of the key US retail sales. US Treasury yields retreat, as the Fed commences its two-day monetary policy meeting.


GBP/USD falls below 1.41 despite upbeat UK data

GBP/USD has pared its gains related to upbeat data and has slipped under 1.41. The UK unemployment rate fell to 4.7% Earlier, sterling suffered from the reopening delay and Brexit uncertainty. The BOE's Bailey speaks later. 


XAU/USD looks to $1880 after recapturing $1858

Gold price is attempting a minor recovery above $1850, although the bulls appear to lack conviction, as the US dollar continues to hover near monthly highs.

Gold News

Bitcoin continues to range higher, but altcoins suffer

Bitcoin price has experienced a 32% upswing over the past six days and might retrace to gather more steam. Ethereum price performance is lackluster as it rallied roughly 17% in the same period as BTC.

Read more

Tesla still stuck in first gear

Tesla stock recovered last week as some investor enthusiasm finally returned to the stock with the release of the new Model S Plaid at Tesla's Freemont factory.

Read more