AUD/USD technical analysis: Holds above 100-hour SMA/symmetrical triangle confluence support

  • The AUD/USD pair extended its sideways consolidative price action on Monday and remained well within a narrow trading band below the 0.6800 handle.
  • The range-bound move over the past couple of trading sessions has been along two converging trend-lines, forming a symmetrical triangle on the 1-hourly chart. 
  • The lower end of the triangle coincides with 100-hour SMA – currently near the 0.6775 region – which should now act as a key pivotal point for intraday traders.

Given that technical indicators on hourly charts have struggled to gain any meaningful traction, it will be prudent to wait for a convincing break through the triangle resistance and the 0.6800 round figure mark before positioning for any further near-term recovery.
Meanwhile, oscillators on the daily chart maintained their bearish bias and hence, any further recovery runs the risk of fizzling out rather quickly. The pair seems more likely to meet with some aggressive supply and remained capped near the 0.6820 horizontal zone.
Only a sustained breakthrough the mentioned barrier might negate any near-term bearish bias and prompt some additional short-covering move, assisting the pair to surpass an intermediate resistance near mid-0.6800s and aim towards reclaiming the 0.6900 handle.

AUD/USD 1-hourly chart



Today last price 0.6783
Today Daily Change 0.0004
Today Daily Change % 0.06
Today daily open 0.6779
Daily SMA20 0.684
Daily SMA50 0.6917
Daily SMA100 0.6969
Daily SMA200 0.7061
Previous Daily High 0.6796
Previous Daily Low 0.677
Previous Weekly High 0.6818
Previous Weekly Low 0.6736
Previous Monthly High 0.7082
Previous Monthly Low 0.6832
Daily Fibonacci 38.2% 0.6786
Daily Fibonacci 61.8% 0.678
Daily Pivot Point S1 0.6767
Daily Pivot Point S2 0.6756
Daily Pivot Point S3 0.6741
Daily Pivot Point R1 0.6793
Daily Pivot Point R2 0.6808
Daily Pivot Point R3 0.6819



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 holds above 1.10 post-hawkish Fed cut

EUR/USD manages to hold above the1.10 after the Fed cut rates but signaled no further rate reductions. The bank acknowledged the strong labor market and robust consumption. However, it is worried about investment.


GBP/USD: Rising wedge at the top inflates downside risk

GBP/USD portrays a short-term rising wedge bearish formation while trading near 1.2475 during the Asian session on Thursday. One-week-old rising wedge surrounding monthly tops questions buyers.


USD/JPY keeps losses below 108.00 as BOJ disappoints the doves

USD/JPY keeps the losses below 108.00, as the Japanese Yen remains on the front foot in reaction to the Bank of Japan's (BOJ) status-quo that came in as a disappointment for the doves. 


Gold: Indecisive market, focus on today's close

Gold is currently trading at $1,480 per Oz, representing 0.21% drop on the day. On Wednesday, the yellow metal witnessed two-way business before ending the day with moderate losses at $1,494.

Gold News

Bitcoin dives below $10,000

Bitcoin has lost its cool towards the end of the Asian session on Thursday. After managing to defend $10,000 over the last few days, the granddaddy of cryptos has plunged below several other support areas including $9,900 and $9,800. 

Read more