AUD/USD Technical Analysis: Bounce from 61.8% Fibo./100-day SMA highlights 0.7200 resistance

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
Daily SMA20 0.7115
Daily SMA50 0.7109
Daily SMA100 0.7139
Daily SMA200 0.7193
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



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD trims early gains, dangerously close to 1.1200

The positive tone of the pair fades in the American afternoon as demand for the dollar resumes, despite softer-than-expected US data. All eyes on the Fed this week.


GBP/USD extends decline, pierces 1.2550

Despite moving in slow-motion, GBP/USD decline is continuous with the pair trading at levels last seen in January, amid political uncertainty weighing on Sterling.


USD/JPY remains directionless above mid-108s on Monday

The USD/JPY pair is struggling to make a decisive move in either direction on Monday as the slightly upbeat market sentiment doesn't allow the safe-haven JPY to gather strength.


Gold remains on track to close with small losses below $1340

The XAU/USD pair, which closed higher on the weekly chart for the fourth straight time last week, is fluctuating in a relatively tight range on Monday amid a lack of significant fundamental drivers that had a lasting impact on the greenback's market valuation or the risk perception.

Gold News

Gold: Signs of bullish exhaustion ahead of the Fed

Gold's rally seems to have run its course with signs of bullish exhaustion emerging on technical charts ahead of Wednesday's FOMC (Federal Open Market Committee) rate decision.

Read more