AUD/USD Technical Analysis: Aussie on the verge of a 150-pip bullish breakout

AUD/USD daily chart

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

AUD/USD 4-hour chart

  • AUD/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

AUD/USD 30-minute chart

  • Aussie is trading above its main SMAs suggesting bullish momentum in the short-term.
  • Bulls are challenging Monday’s highs and they will need to overcome the 0.7120 resistance in order to travel to 0.7240 potential bullish target.
  • On the flip side, the bullish scenario would be invaildated if the market closes below 0.7000 figure.

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.7099
    Today Daily change: 35 pips
    Today Daily change %: 0.50%
    Today Daily Open: 0.7064
Trends:
    Daily SMA20: 0.7168
    Daily SMA50: 0.7151
    Daily SMA100: 0.7167
    Daily SMA200: 0.728
Levels:
    Previous Daily High: 0.7109
    Previous Daily Low: 0.7057
    Previous Weekly High: 0.7265
    Previous Weekly Low: 0.706
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7077
    Daily Fibonacci 61.8%: 0.7089
    Daily Pivot Point S1: 0.7044
    Daily Pivot Point S2: 0.7025
    Daily Pivot Point S3: 0.6992
    Daily Pivot Point R1: 0.7096
    Daily Pivot Point R2: 0.7129
    Daily Pivot Point R3: 0.7148

 

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