AUD/USD Technical Analysis: 0.7135-40 continues to limit the Aussie upside

The AUD/USD pair trades little changed around 0.7130 during the early Asian session on Friday.
The pair maintains trading under 0.7135-40 horizontal resistance, connecting present week high to late-January low.
From the present levels, 0.7080 and the recent low of 0.7050 may offer immediate support to the pair while a descending trend-line stretched since early January may confine its declines around 0.7040 then after.
Assuming the downside past-0.7040, the pair might not hesitate to visit the 0.7000 and the 0.6980 rest-points.
On the contrary, a successful break of 0.7140 can’t be considered as a sign of a rally as immediate downward sloping trend-line could challenge the buyers near 0.7170.
If at all prices rally past-0.7170, bulls can aim for 0.7220 and 0.7260 numbers to the north.

Anil Panchal FXStreet

AUD/USD 4-Hour chart

Additional important levels:

Overview:
    Today Last Price: 0.7106
    Today Daily change: 17 pips
    Today Daily change %: 0.24%
    Today Daily Open: 0.7089
Trends:
    Daily SMA20: 0.7158
    Daily SMA50: 0.7142
    Daily SMA100: 0.7163
    Daily SMA200: 0.7277
Levels:
    Previous Daily High: 0.7137
    Previous Daily Low: 0.7081
    Previous Weekly High: 0.7265
    Previous Weekly Low: 0.706
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7102
    Daily Fibonacci 61.8%: 0.7116
    Daily Pivot Point S1: 0.7068
    Daily Pivot Point S2: 0.7046
    Daily Pivot Point S3: 0.7012
    Daily Pivot Point R1: 0.7124
    Daily Pivot Point R2: 0.7158
    Daily Pivot Point R3: 0.718

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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