AUD/USD Technical Analysis: Bulls showing some resilience near 200-hour SMA

Haresh Menghani FXStreet

• The pair extended overnight retracement slide from three-week tops and remained under some selling pressure for the second consecutive session on Friday.

• However, bulls now seemed to show some resilience below 200-hour SMA, albeit negative technical indicators on hourly/daily charts point to further downside.

• A sustained weakness below the mentioned support will reaffirm the bearish set-up and accelerate the slide to 0.7060 intermediate support en-route the 0.70 handle.

• Alternatively, a convincing move beyond the 0.7115-20 region might negate the negative outlook and lift the pair back towards testing the 0.7165-70 supply zone.

AUD/USD 1-hourly chart

AUD/USD

Overview
Today last price	0.71
Today Daily Change	-0.0010
Today Daily Change %	-0.14
Today daily open	0.711

Trends
Daily SMA20	0.7093
Daily SMA50	0.7132
Daily SMA100	0.716
Daily SMA200	0.7217

Levels
Previous Daily High	0.7168
Previous Daily Low	0.7089
Previous Weekly High	0.7099
Previous Weekly Low	0.7026
Previous Monthly High	0.7285
Previous Monthly Low	0.7053
Daily Fibonacci 38.2%	0.7119
Daily Fibonacci 61.8%	0.7138
Daily Pivot Point S1	0.7077
Daily Pivot Point S2	0.7043
Daily Pivot Point S3	0.6998
Daily Pivot Point R1	0.7156
Daily Pivot Point R2	0.7202
Daily Pivot Point R3	0.7236

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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