AUD/USD technical analysis: Is the pullback over?

AUD/USD is 0.14% lower today but keeps finding support in an intraday basis.
On the daily chart the pair is heading to a support zone.

Rajan Dhall, MSTA FX Daily

AUD/USD Daily Chart

Trump is about to give a speech and he could mention the trade war between China and the US.

AUD is normally affected by these comments as if anything is China bullish it's Australia bullish.

But there is a small issue of USD strength too. That is why today's price action has been interesting.

AUD/USD has been selling off for the session but every time it reaches lows bulls buy it back up.

This could be because, if the trade comments are positive it could be positive for the AUD as well as the USD.

Also on the daily chart below, we are headed to a support zone at 0.6805 and some trendline support.

Both could help change the trend for AUD/USD which has made a couple of higher lows and higher highs.

Additional Levels

AUD/USD

Overview
Today last price	0.6839
Today Daily Change	-0.0012
Today Daily Change %	-0.18
Today daily open	0.6851

Trends
Daily SMA20	0.6854
Daily SMA50	0.6815
Daily SMA100	0.6848
Daily SMA200	0.6945

Levels
Previous Daily High	0.6866
Previous Daily Low	0.6846
Previous Weekly High	0.6929
Previous Weekly Low	0.6847
Previous Monthly High	0.693
Previous Monthly Low	0.667
Daily Fibonacci 38.2%	0.6854
Daily Fibonacci 61.8%	0.6858
Daily Pivot Point S1	0.6843
Daily Pivot Point S2	0.6834
Daily Pivot Point S3	0.6823
Daily Pivot Point R1	0.6863
Daily Pivot Point R2	0.6874
Daily Pivot Point R3	0.6883

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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