AUD/USD Price Analysis: Aussie trades in weekly highs, approaching 0.6100 figure


  • AUD/USD is rebounding from multi-year lows. 
  • The level to beat for bulls is the 0.6100 figure.
 
 

AUD/USD daily chart

 
AUD/USD is gaining ground while rebounding from multi-year lows. As DXY is losing steam, equity markets and gold are rebounding, AUD/USD is retracing parts of its steep decline.
 
 
 

AUD/USD four-hour chart

 
 
AUD/USD is rebounding while trading above the 0.6000 handle and the 50 SMA on the four-hour chart. As bulls are gathering steam a break beyond the 0.61000 figure would likely attract further speculative interest for a potential extension to the 0.6200 and 0.6300 figures. Support can be expected near 0.6000, 0.5900 and 0.5800 figures. 
 

Additional key levels

AUD/USD

Overview
Today last price 0.6044
Today Daily Change 0.0085
Today Daily Change % 1.43
Today daily open 0.5959
 
Trends
Daily SMA20 0.6265
Daily SMA50 0.6544
Daily SMA100 0.6707
Daily SMA200 0.6779
 
Levels
Previous Daily High 0.6073
Previous Daily Low 0.593
Previous Weekly High 0.6307
Previous Weekly Low 0.5509
Previous Monthly High 0.6775
Previous Monthly Low 0.6434
Daily Fibonacci 38.2% 0.6019
Daily Fibonacci 61.8% 0.5985
Daily Pivot Point S1 0.5902
Daily Pivot Point S2 0.5845
Daily Pivot Point S3 0.5759
Daily Pivot Point R1 0.6044
Daily Pivot Point R2 0.613
Daily Pivot Point R3 0.6187

 

 

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