AUD/USD Technical Analysis: Aussie bears bracing themselves for a drop to 0.7100 figure

Gold daily chart

  • AUD/USD is evolving in a bear trend below the 200 SMA.
  • AUD/USD bulls broke above the 50 and 100 SMAs.

AUD/USD 4-hour chart

  • AUD/USD bulls have gained some positive momentum as they reclaimed the 200 SMA but they will have to overcome the 0.7200 figure. 

Gold 30-minute chart

  • AUD/USD is trading above its main SMAs but the 0.7200 might be very hard to overcome.
  • In the absence of a breakout above the 0.7200 resistance, Greenback bulls might take the lead and resume the main bear trend by targeting 0.7100 to the downside.  

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.7206
    Today Daily change: 22 pips
    Today Daily change %: 0.306%
    Today Daily Open: 0.7184
Trends:
    Previous Daily SMA20: 0.7095
    Previous Daily SMA50: 0.7188
    Previous Daily SMA100: 0.7178
    Previous Daily SMA200: 0.7333
Levels:
    Previous Daily High: 0.7198
    Previous Daily Low: 0.7146
    Previous Weekly High: 0.7125
    Previous Weekly Low: 0.6684
    Previous Monthly High: 0.7394
    Previous Monthly Low: 0.7014
    Previous Daily Fibonacci 38.2%: 0.7178
    Previous Daily Fibonacci 61.8%: 0.7166
    Previous Daily Pivot Point S1: 0.7153
    Previous Daily Pivot Point S2: 0.7123
    Previous Daily Pivot Point S3: 0.7101
    Previous Daily Pivot Point R1: 0.7206
    Previous Daily Pivot Point R2: 0.7228
    Previous Daily Pivot Point R3: 0.7258

 

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