AUD/USD Price Analysis: Refreshes intraday low under 0.6350, 200-HMA in focus


  • AUD/USD snaps two-day winning streak, drops 0.40% in Asia.
  • A sustained break below 200-HMA can aim for a two-day-old support line.
  • The weekly rising trend line adds to the upside barriers.

AUD/USD drops to the intraday low of 0.6338, currently down 0.40% on a day to 0.6344, while heading into the European open on Friday.

In doing so, the pair slips beneath the 200-HMA level of 0.6345, which in turn can drag the quote further down towards a two-day-old rising trend line, near 0.6305.

If at all bearish MACD and a downward sloping curve of RSI keep luring the bears below 0.6300, the weekly bottom surrounding 0.6250 can be questioned.

On the contrary, 61.8% Fibonacci retracement of April 14-21 fall, near 0.6370, as well as an ascending trend line since April 16, around 0.6410, becomes the key to watch if the pair bounces back beyond 0.6345 immediate resistance.

AUD/USD hourly chart

Trend: Further downside expected

Additional important levels

Overview
Today last price 0.6348
Today Daily Change -21 pips
Today Daily Change % -0.33%
Today daily open 0.6369
 
Trends
Daily SMA20 0.6246
Daily SMA50 0.6321
Daily SMA100 0.6585
Daily SMA200 0.67
 
Levels
Previous Daily High 0.6406
Previous Daily Low 0.6282
Previous Weekly High 0.6445
Previous Weekly Low 0.6264
Previous Monthly High 0.6686
Previous Monthly Low 0.5509
Daily Fibonacci 38.2% 0.6359
Daily Fibonacci 61.8% 0.633
Daily Pivot Point S1 0.6299
Daily Pivot Point S2 0.6229
Daily Pivot Point S3 0.6175
Daily Pivot Point R1 0.6423
Daily Pivot Point R2 0.6476
Daily Pivot Point R3 0.6546

 

 

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