- AUD/USD is pulling back down after hitting 2-month highs last week.
- The level to beat for bears are 0.7030 followed by 0.7015.
AUD/USD daily chart
The Aussie is trading in a bear trend below the 0.7100 figure and its 200-day simple moving average (DSMA).
AUD/USD is retracing down as the market is trading above the main SMAs. Bulls are losing momentum as they need to reclaim the 0.7060 resistance in order to climb back up to the 0.7100 handle.
AUD/USD is trading towards the daily lows as the market is challenging the 200 SMA near 0.7035. The market is in a correction down and a break below 0.7030 suport can lead to 0.7015 and 0.6980 level, according to the Technical Confluences Indicator.
|Today last price||0.7039|
|Today Daily Change||-0.0001|
|Today Daily Change %||-0.01|
|Today daily open||0.704|
|Previous Daily High||0.7082|
|Previous Daily Low||0.7037|
|Previous Weekly High||0.7082|
|Previous Weekly Low||0.6996|
|Previous Monthly High||0.7026|
|Previous Monthly Low||0.6831|
|Daily Fibonacci 38.2%||0.7054|
|Daily Fibonacci 61.8%||0.7065|
|Daily Pivot Point S1||0.7024|
|Daily Pivot Point S2||0.7008|
|Daily Pivot Point S3||0.6979|
|Daily Pivot Point R1||0.7069|
|Daily Pivot Point R2||0.7098|
|Daily Pivot Point R3||0.7114|
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