AUD/USD Technical Analysis: 0.7100 remains a question mark

The past twenty-four hours see the Aussie looking for a recovery after slipping into a new 2018 low last Friday of 0.7020, but the pair still remains constrained by last week's ending peak at the 0.7100 handle.

Joshua Gibson FXStreet

AUD/USD, M5

The last two weeks shows the AUD/USD struggling to fight back from a new yearly low, and last week's pickup to close out the action last Friday shows signs of overextension, and a failure to reclaim the 0.7100 handle in a meaningful will have the pair back under a declining trendline.

AUD/USD, M30

The past month still shows the Aussie off of its last major swing high near 0.7150, and bears could step in soon as broader markets resume being driven by flows into and out of the US Dollar.

AUD/USD, H4

AUD/USD

Overview:
    Last Price: 0.7099
    Daily change: 6.0 pips
    Daily change: 0.0846%
    Daily Open: 0.7093
Trends:
    Daily SMA20: 0.7106
    Daily SMA50: 0.7186
    Daily SMA100: 0.7292
    Daily SMA200: 0.7513
Levels:
    Daily High: 0.7106
    Daily Low: 0.702
    Weekly High: 0.7128
    Weekly Low: 0.702
    Monthly High: 0.7316
    Monthly Low: 0.7085
    Daily Fibonacci 38.2%: 0.7073
    Daily Fibonacci 61.8%: 0.7053
    Daily Pivot Point S1: 0.704
    Daily Pivot Point S2: 0.6988
    Daily Pivot Point S3: 0.6954
    Daily Pivot Point R1: 0.7126
    Daily Pivot Point R2: 0.7159
    Daily Pivot Point R3: 0.7211

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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