|

AUD/USD Technical Analysis: Rolling into the Asian session above the 0.7100 figure

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 

AUD/USD 4-hour chart

  • AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

AUD/USD 30-minute chart

  • AUD/USD is trading above its main SMAs suggesting a bullish bias in the short-term.
  • A bullish break above 0.7120 can lead to 0.7140 and 0.7160 resistances.
  • To the downside, support is at 0.7080 and 0.7065 level.

Additional key levels

AUD/USD

Overview
Today last price0.7108
Today Daily Change0.0026
Today Daily Change %0.37
Today daily open0.7082
 
Trends
Daily SMA200.7091
Daily SMA500.713
Daily SMA1000.7159
Daily SMA2000.7215
 
Levels
Previous Daily High0.712
Previous Daily Low0.7075
Previous Weekly High0.7168
Previous Weekly Low0.7057
Previous Monthly High0.7285
Previous Monthly Low0.7053
Daily Fibonacci 38.2%0.7092
Daily Fibonacci 61.8%0.7103
Daily Pivot Point S10.7065
Daily Pivot Point S20.7047
Daily Pivot Point S30.702
Daily Pivot Point R10.711
Daily Pivot Point R20.7137
Daily Pivot Point R30.7155

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s  irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest 

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.