AUD/USD Technical Analysis: Aussie erases RBA-inspired losses


AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA). 
  • The Aussie dropped sharply in the Asian session on the back of a dovish Reserve Bank of Australia (RBA). This was seen as bearish for the AUD.

AUD/USD 4-hour chart

  • AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

AUD/USD 30-minute chart

  • AUD/USD found support just above 0.7135. This was a support mentioned yesterday.
  • AUD/USD is expected to consolidate between 0.7135 and 0.7180 for the time being.
  • The key resistance to the upside becomes 0.7180 level.

Additional key levels

AUD/USD

Overview
Today last price 0.7166
Today Daily Change -0.0008
Today Daily Change % -0.11
Today daily open 0.7174
 
Trends
Daily SMA20 0.7115
Daily SMA50 0.7109
Daily SMA100 0.7139
Daily SMA200 0.7193
Levels
Previous Daily High 0.7183
Previous Daily Low 0.7163
Previous Weekly High 0.7193
Previous Weekly Low 0.7087
Previous Monthly High 0.7168
Previous Monthly Low 0.7002
Daily Fibonacci 38.2% 0.7171
Daily Fibonacci 61.8% 0.7175
Daily Pivot Point S1 0.7163
Daily Pivot Point S2 0.7153
Daily Pivot Point S3 0.7143
Daily Pivot Point R1 0.7183
Daily Pivot Point R2 0.7193
Daily Pivot Point R3 0.7203

 

 

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