AUD/USD technical analysis: Aussie ends the week at a stone throw from the 100-day SMA


  • The Aussie is trading at weekly highs into the Friday close. 
  • The level to beat for bulls is the 0.6860 level, followed by 0.6878 resistance. 
 

AUD/USD daily chart 

 
The Aussie is trading in a downtrend below its 100 and 200-day simple moving averages (DSMAs) on the daily chart. However, in October, the market has been rebounding sharply to almost reach the 100 SMA at 0.6859. 
 

 

AUD/USD 4-hour chart

 
The market is trading above the main SMAs, suggesting a bullish momentum in the medium term. The spot is challenging the 0.6860 resistance while spiking to the upside. A break above the level can see the Aussie moving up to the 0.6860 and 0.6878 price levels, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

 
AUD/USD is trading above the main SMAs on the 30-minute chart, suggesting a bullish bias in the near term. Support is seen at the 0.6835 and 0.6820 price levels.
 

Additional key levels

AUD/USD

Overview
Today last price 0.6857
Today Daily Change 0.0033
Today Daily Change % 0.48
Today daily open 0.6824
 
Trends
Daily SMA20 0.6756
Daily SMA50 0.6779
Daily SMA100 0.686
Daily SMA200 0.6972
 
Levels
Previous Daily High 0.6834
Previous Daily Low 0.675
Previous Weekly High 0.6811
Previous Weekly Low 0.6704
Previous Monthly High 0.6895
Previous Monthly Low 0.6687
Daily Fibonacci 38.2% 0.6802
Daily Fibonacci 61.8% 0.6782
Daily Pivot Point S1 0.6771
Daily Pivot Point S2 0.6718
Daily Pivot Point S3 0.6687
Daily Pivot Point R1 0.6856
Daily Pivot Point R2 0.6887
Daily Pivot Point R3 0.694

 

 

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