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

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.

EUR/USD News

GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.

GBP/USD News

USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.

USD/JPY News

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •