- AUD/USD keeps pullback moves from 21-day EMA, short-term support line.
- RBA’s Debelle suggests policy support, defies negative interest rates.
- A two-week-old symmetrical triangle could question the bulls.
- 200-day EMA, a two-month-long rising trend line offers strong downside support.
AUD/USD prints 0.23% gains while taking the bids to 0.6880 during the early Tuesday. The aussie pair recently benefited from the upbeat comments from RBA Deputy Governor Guy Debelle. Earlier during the day, China’s official PMIs helped the quote to extend the previous day’s gains.
Even so, a downward sloping trend line from June 10, at 0.6930 now, could offer immediate upside barrier to the pair ahead of 0.7000 threshold.
Given the pair’s ability to stay positive beyond 0.7000, the monthly top near 0.7065 and 0.7100 round-figure might lure the bulls.
On the contrary, a confluence of 21-day EMA and an ascending trend line from June 16 restricts the pair’s immediate declines around 0.6850/45, a break of which could escalate downside pressure towards the mid-month low near 0.6775.
Though 200-day EMA and an upward sloping trend line from April 21, currently around 0.6680, could restrict the pair’s further weakness, if not then April month top near 0.6570 could return to the charts.
AUD/USD daily chart
Trend: Further recovery expected
Additional important levels
|Today last price||0.6881|
|Today Daily Change||16 pips|
|Today Daily Change %||0.23%|
|Today daily open||0.6865|
|Previous Daily High||0.6911|
|Previous Daily Low||0.6841|
|Previous Weekly High||0.6975|
|Previous Weekly Low||0.6811|
|Previous Monthly High||0.6683|
|Previous Monthly Low||0.6372|
|Daily Fibonacci 38.2%||0.6884|
|Daily Fibonacci 61.8%||0.6867|
|Daily Pivot Point S1||0.6834|
|Daily Pivot Point S2||0.6802|
|Daily Pivot Point S3||0.6764|
|Daily Pivot Point R1||0.6904|
|Daily Pivot Point R2||0.6942|
|Daily Pivot Point R3||0.6974|
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