AUD/USD Technical Analysis: Aussie spiking at 2.5-week’s high above the 0.6800 handle

The aussie is trading at session’s highs as the London session is coming to an end.
The level to beat for bulls is the 0.6825/40 resistance zone.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a bear trend below the 200-day simple moving average (DMA). However, the spot is having a sharp reversal up blasting above the 0.6800 handle and challenging the 100 DMA.

AUD/USD four-hour chart

The aussie is starting December with a bullish breakout. The market is now approaching the 0.6825/40 resistance zone near the 200 SMA. If the bulls gather enough strength and break above it, the spot is set to continue its ascent towards the 0.6825 price level, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is spiking up above the main SMA, suggesting strong bullish momentum. Support can be seen at the 0.6796 and 0.6780 price levels, according to the Technical Confluences Indicator.

Additional key levels

AUD/USD

Overview
Today last price	0.6822
Today Daily Change	0.0058
Today Daily Change %	0.86
Today daily open	0.6764

Trends
Daily SMA20	0.6822
Daily SMA50	0.6805
Daily SMA100	0.6822
Daily SMA200	0.6922

Levels
Previous Daily High	0.678
Previous Daily Low	0.6754
Previous Weekly High	0.68
Previous Weekly Low	0.6754
Previous Monthly High	0.6929
Previous Monthly Low	0.6754
Daily Fibonacci 38.2%	0.6764
Daily Fibonacci 61.8%	0.677
Daily Pivot Point S1	0.6752
Daily Pivot Point S2	0.674
Daily Pivot Point S3	0.6726
Daily Pivot Point R1	0.6778
Daily Pivot Point R2	0.6792
Daily Pivot Point R3	0.6804

Author

Flavio Tosti

Independent Analyst

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