AUD/USD is presently trading near 0.7150 ahead of the European open on Tuesday.
The Aussie pair recently bounced off the 0.7140 support-confluence comprising 61.8% Fibonacci retracement of its December 2018 to January 2019 downturn and 100-day simple moving average (SMA).
As a result, chances of its pullback move towards 0.7170 and then to the 0.7195 – 0.7200 resistance area, encompassing 200-day SMA, seem brighter.
Should prices rally beyond 0.7200, 0.7230 and January month highs around 0.7300 could become buyers’ favorites.
In a case where the quote slips beneath 0.7140 support, 0.7100 can offer an intermediate halt ahead of dragging it to 0.7075 trend-line ranging upwards since early March.
Given the sellers’ dominance past-0.7075, 0.7050, 0.7010 and 0.6990 can entertain bears whereas 0.6950 could challenge them afterward.
AUD/USD daily chart
Trend: Pullback expected
Additional important levels
|Today last price||0.7151|
|Today Daily Change||-23 pips|
|Today Daily Change %||-0.32|
|Today daily open||0.7174|
|Previous Daily High||0.7183|
|Previous Daily Low||0.7163|
|Previous Weekly High||0.7193|
|Previous Weekly Low||0.7087|
|Previous Monthly High||0.7168|
|Previous Monthly Low||0.7002|
|Daily Fibonacci 38.2%||0.7171|
|Daily Fibonacci 61.8%||0.7175|
|Daily Pivot Point S1||0.7163|
|Daily Pivot Point S2||0.7153|
|Daily Pivot Point S3||0.7143|
|Daily Pivot Point R1||0.7183|
|Daily Pivot Point R2||0.7193|
|Daily Pivot Point R3||0.7203|
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