AUD/USD Technical Analysis: searching for 0.7250 in risk-on markets

The past twenty-four hours sees the AUD/USD holding above the 0.7200 key handle heading into the US mid-term election results window, and broader market sentiment remains pinned to the risk-on side, and the Aussie is catching support in the near-term from yesterday's peaks at the 0.7200 critical level.

Joshua Gibson FXStreet

AUD/USD M5

Hourly candles see the Aussie picking up firmer support from the 38.2% Fibo retracement level at 0.7185, with the 50-hour EMA providing an intraday floor from 0.7215.

AUD/USD H1

The past month sees the Aussie setting up for a potential move higher, with the 50- and 200-period moving averages making a bullish crossover and staging a new near-term support level from 0.7150.

AUD/USD H4

AUD/USD

Overview:
    Last Price: 0.7237
    Daily change: 25 pips
    Daily change: 0.347%
    Daily Open: 0.7212
Trends:
    Daily SMA20: 0.7112
    Daily SMA50: 0.7163
    Daily SMA100: 0.7269
    Daily SMA200: 0.7487
Levels:
    Daily High: 0.7219
    Daily Low: 0.7183
    Weekly High: 0.726
    Weekly Low: 0.705
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7205
    Daily Fibonacci 61.8%: 0.7196
    Daily Pivot Point S1: 0.719
    Daily Pivot Point S2: 0.7168
    Daily Pivot Point S3: 0.7153
    Daily Pivot Point R1: 0.7226
    Daily Pivot Point R2: 0.7241
    Daily Pivot Point R3: 0.7263

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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