AUD/USD Price Analysis: The pair is doing its best to break out of the consolidation high of 0.6910

  • AUD/USD is trading 0.40% higher on Tuesday.
  • Some recent USD weakness has sent the pair higher in the US session.

AUD/USD 1-hour chart

AUD has been performing well on the session as the risk environment in the financial markets is positive on Tuesday. As you can see from the hourly chart below over the last five hours the pair has pushed higher. So much so, that the pair is now testing the consolidation high at the black line near 0.6910.

Before the move higher the pair broke the blue diagonal line on the downside and it looked like there could be a technical move lower. After some fundamental news, the pair broke higher and has now stalled near the highs of the session. 

As with most consolidation zones, the MACD was looking pretty flat. Now there has been a move higher the histogram has moved into the green and the signal lines look to be following higher. The Relative Strength Index indicator is now close to the overbought zone. There is still some room to the upside on the indicator but there could be a small pullback first.

The ultimate target could be the red resistance zone near 0.6980 this level has been a strong rejection point on two occasions on the chart. If it does manage to break the psychological 0.70 could be next. The daily chart is still showing a strong uptrend and maybe this move and consolidation was just a retracement.

AUD/USD Technical Analysis

Additional levels


Today last price 0.6893
Today Daily Change 0.0028
Today Daily Change % 0.41
Today daily open 0.6865
Daily SMA20 0.6906
Daily SMA50 0.6664
Daily SMA100 0.6504
Daily SMA200 0.6668
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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