AUD/USD Technical Analysis: 100-day SMA acts as important support inside ascending triangle

Anil Panchal FXStreet

100-day simple moving average (SMA) level of 0.7135 again proves itself as an important support for the AUD/USD pair during early Monday.

The quote has been struggling near the said SMA but fails to dip beneath the same while nearly two-month-old ascending triangle seems to limit the pair moves between the 0.7085 support and 0.7210 resistance.

It should be noted that 0.7100 may offer an intermediate halt of the quote slid beneath 0.7135 whereas 23.6% Fibonacci retracement of January month upside at 0.7165 and 200-day SMA level of 0.7190 might act as upside buffers during the pullback.

In a case where prices rally past-0.7210, 0.7235 and 0.7275 could entertain buyers ahead of renewing the hops to revisit January highs near 0.7300.

On the flipside, 0.7050, 0.7010 and 0.6980 are likely crucial supports for the bears to watch past-0.7085.

AUD/USD daily chart

Trend: Sideways

Additional important levels

Overview
Today last price	0.7136
Today Daily Change	-15 pips
Today Daily Change %	-0.21%
Today daily open	0.7151

Trends
Daily SMA20	0.7128
Daily SMA50	0.7111
Daily SMA100	0.7134
Daily SMA200	0.7188

Levels
Previous Daily High	0.7168
Previous Daily Low	0.7142
Previous Weekly High	0.7206
Previous Weekly Low	0.7136
Previous Monthly High	0.7168
Previous Monthly Low	0.7002
Daily Fibonacci 38.2%	0.7158
Daily Fibonacci 61.8%	0.7152
Daily Pivot Point S1	0.7139
Daily Pivot Point S2	0.7127
Daily Pivot Point S3	0.7113
Daily Pivot Point R1	0.7165
Daily Pivot Point R2	0.718
Daily Pivot Point R3	0.7191

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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