AUD/USD Price Analysis: Mildly bid above 200-HMA

AUD/USD remains firmer inside a choppy range below 0.7600.
Upbeat Momentum line, sustained break of 200-HMA favor buyers.
Weekly horizontal line, immediate rising trend line add to the downside filters.

Anil Panchal FXStreet

AUD/USD stays high around the intraday peak of 0.7595, up 0.12% on a day, while heading into Friday’s European session. Even so, the Aussie pair’s sustained break of 200-HMA keeps buyers hopeful amid an upward sloping Momentum line.

That said, the 50% Fibonacci retracement of June 16–18 downside, around the 0.7600 threshold, guards immediate upside before June 17 top near 0.7650.

It should, however, be noted that a clear upside beyond 0.7650 will aim for the previous month’s low near 0.7675-80.

On the contrary, a downside break of 200-HMA level of 0.7584 may take rest near one-week-old horizontal support surrounding 0.7565-60.

Also acting as important support is an upward sloping trend line from Monday, around 0.7535, a break of which will confirm the AUD/USD sellers’ entry targeting the monthly low of 0.7477.

AUD/USD hourly chart

Trend: Bullish

Additional important levels

Overview
Today last price	0.7592
Today Daily Change	0.0008
Today Daily Change %	0.11%
Today daily open	0.7584

Trends
Daily SMA20	0.7666
Daily SMA50	0.7722
Daily SMA100	0.7721
Daily SMA200	0.756

Levels
Previous Daily High	0.7593
Previous Daily Low	0.7564
Previous Weekly High	0.7727
Previous Weekly Low	0.7477
Previous Monthly High	0.7892
Previous Monthly Low	0.7674
Daily Fibonacci 38.2%	0.7582
Daily Fibonacci 61.8%	0.7575
Daily Pivot Point S1	0.7568
Daily Pivot Point S2	0.7552
Daily Pivot Point S3	0.7539
Daily Pivot Point R1	0.7596
Daily Pivot Point R2	0.7609
Daily Pivot Point R3	0.7625

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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