|

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

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 price0.7097
Today Daily Change-0.0019
Today Daily Change %-0.27
Today daily open0.7116
 
Trends
Daily SMA200.7093
Daily SMA500.7134
Daily SMA1000.7161
Daily SMA2000.7219
 
Levels
Previous Daily High0.715
Previous Daily Low0.7057
Previous Weekly High0.7099
Previous Weekly Low0.7026
Previous Monthly High0.7285
Previous Monthly Low0.7053
Daily Fibonacci 38.2%0.7114
Daily Fibonacci 61.8%0.7092
Daily Pivot Point S10.7065
Daily Pivot Point S20.7014
Daily Pivot Point S30.6972
Daily Pivot Point R10.7158
Daily Pivot Point R20.7201
Daily Pivot Point R30.7251

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD holds firm above 1.1900 as US NFP looms

EUR/USD holds its upbeat momentum above 1.1900 in the European trading hours on Wednesday, helped by a broadly weaker US Dollar. Markets could turn cautious later in the day as the delayed US employment report for January will takes center stage. 

GBP/USD remains above nine-day EMA near 1.3650

GBP/USD recovers its recent losses from the previous session, trading around 1.3680 during the European hours on Wednesday. The technical analysis of the daily chart indicates a sustained bullish bias, as the pair trades within an ascending channel pattern.

Gold sticks to gains near $5,050 as focus shifts to US NFP

Gold holds moderate gains near the $5,050 level in the European session on Wednesday, reversing a part of the previous day's modest losses amid dovish US Federal Reserve-inspired US Dollar weakness. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal ahead of the critical US NFP release. 

US Nonfarm Payrolls expected to show modest job gains in January

The United States Bureau of Labor Statistics will release the delayed Nonfarm Payrolls data for January on Wednesday at 13:30 GMT. Investors expect NFP to rise by 70K following the 50K increase recorded in December.

S&P 500 at 7,000 is a valuation test, not a liquidity problem

The rebound from last week’s drawdown never quite shook the sense that it was being supported by borrowed conviction. The S&P 500 once again tested near the 7,000 level (6,986 as the high watermark) and failed, despite a macro backdrop that would normally be interpreted as supportive of risk.

Bitcoin price slips below $67,000 ahead of US Nonfarm Payrolls data

Bitcoin price extends losses, and trades below the lower consolidating boundary at $67,300 at the time of writing. A firm close below this level could trigger a deeper correction for BTC. Despite the weakness in price action, institutional demand shows signs of support, recording mild inflows in ETFs so far this week.