AUD/USD Technical Analysis: Trying to form a base near 100-hour SMA, upside seems limited

Haresh Menghani FXStreet

• The pair continued with its struggle to decisively break through the 0.7200 round figure mark, albeit was seen trying to form a firm base at 100-hour SMA.

• Technical indicators on the 1-hourly chart have been gaining some positive momentum and hence, support prospects for additional intraday up-move.

• However, neutral/bearish oscillators on 4-hourly/daily charts clearly suggest that the near-term downward trajectory might still be far from over.

• Hence, any attempted moves beyond the mentioned handle seem more likely to get sold into near 100-day SMA resistance, currently near the 0.7220 region.

AUD/USD 1-hourly chart

AUD/USD

Overview:
    Today Last Price: 0.7194
    Today Daily change: 13 pips
    Today Daily change %: 0.181%
    Today Daily Open: 0.7181
Trends:
    Previous Daily SMA20: 0.7245
    Previous Daily SMA50: 0.7196
    Previous Daily SMA100: 0.7222
    Previous Daily SMA200: 0.7389
Levels:
    Previous Daily High: 0.7204
    Previous Daily Low: 0.7162
    Previous Weekly High: 0.7247
    Previous Weekly Low: 0.7151
    Previous Monthly High: 0.7345
    Previous Monthly Low: 0.7072
    Previous Daily Fibonacci 38.2%: 0.7188
    Previous Daily Fibonacci 61.8%: 0.7178
    Previous Daily Pivot Point S1: 0.7161
    Previous Daily Pivot Point S2: 0.714
    Previous Daily Pivot Point S3: 0.7119
    Previous Daily Pivot Point R1: 0.7203
    Previous Daily Pivot Point R2: 0.7224
    Previous Daily Pivot Point R3: 0.7245

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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