AUD/USD Technical Analysis: Fails ahead of 200-hour SMA, back below 0.71 mark amid renewed USD buying

Haresh Menghani FXStreet

• The recent recovery move from 32-month lows stalls ahead of 200-hour SMA, with the pair quickly retreating around 40-pips from one-week tops and falling below 0.71 handle.

• Technical indicators on the 1-hourly chart have started losing positive momentum and thus, increase prospects for an additional retracement towards 100-hour SMA.

• A follow-through selling below the mentioned support is likely to reinforce the near-term bearish bias and accelerate the slide back towards retesting 0.7050-40 support area.

AUD/USD 1-hourly chart

AUD/USD

Overview:
    Last Price: 0.7093
    Daily change: -10 pips
    Daily change: -0.141%
    Daily Open: 0.7103
Trends:
    Daily SMA20: 0.7189
    Daily SMA50: 0.7248
    Daily SMA100: 0.7355
    Daily SMA200: 0.7564
Levels:
    Daily High: 0.7108
    Daily Low: 0.7054
    Weekly High: 0.724
    Weekly Low: 0.7042
    Monthly High: 0.7316
    Monthly Low: 0.7042
    Daily Fibonacci 38.2%: 0.7087
    Daily Fibonacci 61.8%: 0.7074
    Daily Pivot Point S1: 0.7068
    Daily Pivot Point S2: 0.7034
    Daily Pivot Point S3: 0.7014
    Daily Pivot Point R1: 0.7123
    Daily Pivot Point R2: 0.7143
    Daily Pivot Point R3: 0.7177

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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