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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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