AUD/USD Technical Analysis: Aussie bears take the helm as the market is set to drop to 0.7250 level

Flavio Tosti Independent Analyst

AUD/USD 4-hour chart

AUD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
AUD/USD failed to sustain prices above the 0.7300 handle while technical indicators are weakening.
AUD/USD is set to remain capped by 0.7320 with a potential drop to the 0.7250 level in the coming sessions.

Additional key levels at a glance:

AUD/USD

Overview:
    Last Price: 0.7292
    Daily change: -43 pips
    Daily change: -0.586%
    Daily Open: 0.7335
Trends:
    Daily SMA20: 0.7174
    Daily SMA50: 0.7168
    Daily SMA100: 0.7257
    Daily SMA200: 0.7454
Levels:
    Daily High: 0.7336
    Daily Low: 0.725
    Weekly High: 0.7336
    Weekly Low: 0.7164
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7303
    Daily Fibonacci 61.8%: 0.7283
    Daily Pivot Point S1: 0.7278
    Daily Pivot Point S2: 0.722
    Daily Pivot Point S3: 0.7191
    Daily Pivot Point R1: 0.7364
    Daily Pivot Point R2: 0.7393
    Daily Pivot Point R3: 0.7451

Author

Flavio Tosti

Independent Analyst

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