AUD/USD Technical Analysis: Slips back closer to 100-hour SMA support, near 0.7100 handle

Haresh Menghani FXStreet

• Having struggled to make it through 0.7150 supply zone, the pair met with some fresh supply on Tuesday and eroded a major part of the overnight up-move to 1-1/2 week tops.

• Technical indicators on the 1-hourly chart have also started drifting into negative territory and thus, increase prospects for an extension of the intraday downfall.

• A convincing break below 100-hour SMA, leading to a subsequent fall below the 0.7100 handle will reinforce the negative outlook and prompt some fresh technical selling.

AUD/USD 1-hourly chart

AUD/USD

Overview:
    Last Price: 0.7119
    Daily change: -11 pips
    Daily change: -0.154%
    Daily Open: 0.713
Trends:
    Daily SMA20: 0.7175
    Daily SMA50: 0.7225
    Daily SMA100: 0.7337
    Daily SMA200: 0.7549
Levels:
    Daily High: 0.715
    Daily Low: 0.7099
    Weekly High: 0.7141
    Weekly Low: 0.7041
    Monthly High: 0.7316
    Monthly Low: 0.7041
    Daily Fibonacci 38.2%: 0.713
    Daily Fibonacci 61.8%: 0.7118
    Daily Pivot Point S1: 0.7103
    Daily Pivot Point S2: 0.7075
    Daily Pivot Point S3: 0.7052
    Daily Pivot Point R1: 0.7154
    Daily Pivot Point R2: 0.7177
    Daily Pivot Point R3: 0.7205

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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