AUD/USD Technical Analysis: Aussie drops to daily lows near 0.7130 level

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA).
AUD/USD is currently testing the 0.7130 level and the 50 SMA.

AUD/USD 4-hour chart

AUD/USD is testing the 100 SMA on the 4-hour chart.

AUD/USD 30-minute chart

AUD/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
However, 0.7130 and the 50 SMA on the daily chart are expected to provide solid support with bulls soon targeting 0.7150, 0.7170 and 0.7200 in the short-term.
A strong break below 0.7130 would invalidate the bullish scenario and open the doors to 0.7100 the figure.

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.7134
    Today Daily change: -55 pips
    Today Daily change %: -0.77%
    Today Daily Open: 0.7189
Trends:
    Daily SMA20: 0.7154
    Daily SMA50: 0.7132
    Daily SMA100: 0.7164
    Daily SMA200: 0.7259
Levels:
    Previous Daily High: 0.7195
    Previous Daily Low: 0.7141
    Previous Weekly High: 0.7207
    Previous Weekly Low: 0.707
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7174
    Daily Fibonacci 61.8%: 0.7162
    Daily Pivot Point S1: 0.7155
    Daily Pivot Point S2: 0.7121
    Daily Pivot Point S3: 0.7101
    Daily Pivot Point R1: 0.7209
    Daily Pivot Point R2: 0.7229
    Daily Pivot Point R3: 0.7263

Author

Flavio Tosti

Independent Analyst

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