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AUD/USD Technical Analysis: Aussie in search of direction above 0.7200 figure

  • AUD/USD is trading in a bull trend above the 200-period simple moving average. 
  • AUD/USD had a significant 200-pip rally in the last days of trading and bulls will need to reconquer the  0.7260 level (November 2 high) in order to extend the bull trend. The RSI and Stochastic are losing momentum while the MACD indicator had a crossover. 
  • In the short-term, in the absence of a break above 0.7260, a retest of 0.7144 can be on the cards.

AUD/USD 4-hour chart

Main trend:              Bullish

Resistance 1:          0.7260 November 2 high
Resistance 2:          0.7300 figure
Resistance 3:          0.7383 August 21 high

Support 1:               0.7174-0.7200 zone, 200 SMA (4H) and August 15 low
Support 2:               0.7144 September 5 low
Support 3:               0.7100 figure
Support 4:               0.7085, September 11 low
Support 5:               0.7050 figure
Support 6:               0.7041 key support/resistance


Additional key levels at a glance:

AUD/USD

Overview:
    Last Price: 0.7214
    Daily change: 18 pips
    Daily change: 0.250%
    Daily Open: 0.7196
Trends:
    Daily SMA20: 0.7105
    Daily SMA50: 0.7166
    Daily SMA100: 0.7271
    Daily SMA200: 0.7491
Levels:
    Daily High: 0.726
    Daily Low: 0.7182
    Weekly High: 0.726
    Weekly Low: 0.705
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7211
    Daily Fibonacci 61.8%: 0.723
    Daily Pivot Point S1: 0.7165
    Daily Pivot Point S2: 0.7134
    Daily Pivot Point S3: 0.7086
    Daily Pivot Point R1: 0.7243
    Daily Pivot Point R2: 0.7291
    Daily Pivot Point R3: 0.7322

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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