AUD/USD Technical Analysis: Aussie falls to the 0.7100 figure

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main simple moving averages (SMAs).

AUD/USD 4-hour chart

AUD/USD is trading between the 50 and 200 SMAs suggesting a consolidation phase in the medium-term.

AUD/USD 30-minute chart

AUD/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
A bear break below 0.7090 can lead to 0.7070 and 0.7050 level.
Resistances are at 0.7100 figure and 0.7115 level.

Additional key levels

AUD/USD

Overview
Today last price	0.7097
Today Daily Change	-0.0019
Today Daily Change %	-0.27
Today daily open	0.7116

Trends
Daily SMA20	0.7093
Daily SMA50	0.7134
Daily SMA100	0.7161
Daily SMA200	0.7219

Levels
Previous Daily High	0.715
Previous Daily Low	0.7057
Previous Weekly High	0.7099
Previous Weekly Low	0.7026
Previous Monthly High	0.7285
Previous Monthly Low	0.7053
Daily Fibonacci 38.2%	0.7114
Daily Fibonacci 61.8%	0.7092
Daily Pivot Point S1	0.7065
Daily Pivot Point S2	0.7014
Daily Pivot Point S3	0.6972
Daily Pivot Point R1	0.7158
Daily Pivot Point R2	0.7201
Daily Pivot Point R3	0.7251

Author

Flavio Tosti

Independent Analyst

EUR/USD faces next resistance near 1.1930

EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.