AUD/USD Technical Analysis: Relentless bulls break above 0.7300 figure with 0.7400 target on the horizon

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is above the 50 and 100-day simple moving average and the 2018 bear trendline.
Technical indicators are positive suggesting continued bullish momentum.
If bulls keep the momentum the next target is seen at 0.7400 figure. A close above 0.7300 figure on a daily closing basis would be seen as a sign of bullish strength.

AUD/USD 4-hour chart

AUD/USD is trading above the 50, 100 and 200-period simple moving averages (SMA) suggesting strong bullish momentum.
Technical indicators are also at full bullish speed suggesting more up.

AUD/USD 30-minute chart

AUD/USD bulls have printed a clean break above the 0.7300 figure.
A break below 0.7250 would be a warning sign for bulls.

Additional key levels at a glance:

AUD/USD

Overview:
    Last Price: 0.731
    Daily change: 31 pips
    Daily change: 0.426%
    Daily Open: 0.7279
Trends:
    Daily SMA20: 0.7163
    Daily SMA50: 0.7163
    Daily SMA100: 0.7257
    Daily SMA200: 0.7456
Levels:
    Daily High: 0.73
    Daily Low: 0.7226
    Weekly High: 0.7304
    Weekly Low: 0.7183
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7272
    Daily Fibonacci 61.8%: 0.7255
    Daily Pivot Point S1: 0.7237
    Daily Pivot Point S2: 0.7195
    Daily Pivot Point S3: 0.7164
    Daily Pivot Point R1: 0.7311
    Daily Pivot Point R2: 0.7342
    Daily Pivot Point R3: 0.7384

Author

Flavio Tosti

Independent Analyst

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