AUD/USD Price Analysis: Evening star on 1H directs sellers to 200-HMA


  • AUD/USD refreshes intraday low, fades an uptick following Aussie CPI data.
  • Bearish candlestick formation, downbeat oscillators suggest further consolidation of recent gains.

AUD/USD fizzles the upside momentum that recently refreshed the weekly top. The quote marks the day’s low of 0.7735, down 0.13% intraday, while reversing the post-Aussie CPI-led run-up.

In doing so, the quote portrayed evening star bearish candlestick on the hourly (1H) chart, which in turn joins weakening MACD and RSI to keep the AUD/USD sellers hopeful.

However, a 200-HMA level of 0.7725 is likely to offer a tough barrier for the bear’s entry targeting the monthly low around 0.7640. Also acting as a downside filter is January 18 bottom surrounding 0.7660 and the 0.7700 threshold.

On the flip side, a clear break of the recent high near 0.7765 defies the bearish candlestick formation and will restore the upside momentum targeting the fresh multi-month high above the 0.7800 round-figure.

However, the monthly top near 0.7820 and January 21 peak surrounding 0.7785 can probe the AUD/USD buyers during the run-up to refresh the highest level since April 2018.

AUD/USD hourly chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price 0.7736
Today Daily Change -14 pips
Today Daily Change % -0.18%
Today daily open 0.775
 
Trends
Daily SMA20 0.7731
Daily SMA50 0.7572
Daily SMA100 0.7374
Daily SMA200 0.714
 
Levels
Previous Daily High 0.7755
Previous Daily Low 0.7668
Previous Weekly High 0.7783
Previous Weekly Low 0.7658
Previous Monthly High 0.7743
Previous Monthly Low 0.7338
Daily Fibonacci 38.2% 0.7722
Daily Fibonacci 61.8% 0.7701
Daily Pivot Point S1 0.7694
Daily Pivot Point S2 0.7637
Daily Pivot Point S3 0.7607
Daily Pivot Point R1 0.7781
Daily Pivot Point R2 0.7811
Daily Pivot Point R3 0.7868

 

 

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