AUD/USD Technical Analysis: 100-day EMA limits downside risk


  • AUD/USD nears six-day low after breaking the three-week-old rising trend line.
  • 61.8% Fibonacci retracement, 200-day EMA restricts near-term upside.

Following its break of a three-week-old ascending support line, AUD/USD slips to 0.6868 during early Thursday.

However, 100-day Exponential Moving Average (EMA), around 0.6856 now, stands tall to question pair’s further declines, if not then an extended downpour to 0.6810/05 area comprising October 25 low and late-September tops.

On the upside, pair’s recovery needs to cross the support-turned-resistance line, at 0.6900 now, in order to again confront 61.8% Fibonacci retracement level of 0.6925 and 200-day EMA level of 0.6945.

That said, the pair’s sustained rise above 0.6945 enables it to challenge 0.7000 round-figure and July month high close to 0.7085.

AUD/USD daily chart

Trend: Recovery expected

additional important levels

Overview
Today last price 0.6867
Today Daily Change -16 pips
Today Daily Change % -0.23%
Today daily open 0.6883
 
Trends
Daily SMA20 0.684
Daily SMA50 0.6807
Daily SMA100 0.685
Daily SMA200 0.6951
 
Levels
Previous Daily High 0.6908
Previous Daily Low 0.6868
Previous Weekly High 0.693
Previous Weekly Low 0.681
Previous Monthly High 0.693
Previous Monthly Low 0.667
Daily Fibonacci 38.2% 0.6883
Daily Fibonacci 61.8% 0.6893
Daily Pivot Point S1 0.6864
Daily Pivot Point S2 0.6846
Daily Pivot Point S3 0.6824
Daily Pivot Point R1 0.6904
Daily Pivot Point R2 0.6926
Daily Pivot Point R3 0.6944

 

 

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