AUD/USD Technical Analysis: Aussie weakens below the 0.7160 level

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is in a bear trend below the 200 SMA.
As discussed, the Aussie had a mild decline to the 0.7150 level.

AUD/USD 4-hour chart

AUD/USD is trading above the 100 and 200 SMAs.

AUD/USD 30-minute chart

AUD/USD is trading below its main SMAs suggesting bearish momentum.
Bears are likely to drive the market down to the 0.7120 level.
On the flip side, 0.7180 is seen as resistance and is the level to beat for bulls.

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.7156
    Today Daily change: -0.0012 pips
    Today Daily change %: -0.17%
    Today Daily Open: 0.7168
Trends:
    Daily SMA20: 0.7112
    Daily SMA50: 0.7183
    Daily SMA100: 0.7172
    Daily SMA200: 0.7317
Levels:
    Previous Daily High: 0.7215
    Previous Daily Low: 0.7161
    Previous Weekly High: 0.7226
    Previous Weekly Low: 0.7146
    Previous Monthly High: 0.7394
    Previous Monthly Low: 0.7014
    Daily Fibonacci 38.2%: 0.7182
    Daily Fibonacci 61.8%: 0.7194
    Daily Pivot Point S1: 0.7148
    Daily Pivot Point S2: 0.7128
    Daily Pivot Point S3: 0.7095
    Daily Pivot Point R1: 0.7202
    Daily Pivot Point R2: 0.7235
    Daily Pivot Point R3: 0.7255

Author

Flavio Tosti

Independent Analyst

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