AUD/USD Technical Analysis: Fails ahead of 200-hour SMA, back below 0.71 mark amid renewed USD buying
• The recent recovery move from 32-month lows stalls ahead of 200-hour SMA, with the pair quickly retreating around 40-pips from one-week tops and falling below 0.71 handle.
• Technical indicators on the 1-hourly chart have started losing positive momentum and thus, increase prospects for an additional retracement towards 100-hour SMA.
• A follow-through selling below the mentioned support is likely to reinforce the near-term bearish bias and accelerate the slide back towards retesting 0.7050-40 support area.
AUD/USD 1-hourly chart
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AUD/USD
Overview:
Last Price: 0.7093
Daily change: -10 pips
Daily change: -0.141%
Daily Open: 0.7103
Trends:
Daily SMA20: 0.7189
Daily SMA50: 0.7248
Daily SMA100: 0.7355
Daily SMA200: 0.7564
Levels:
Daily High: 0.7108
Daily Low: 0.7054
Weekly High: 0.724
Weekly Low: 0.7042
Monthly High: 0.7316
Monthly Low: 0.7042
Daily Fibonacci 38.2%: 0.7087
Daily Fibonacci 61.8%: 0.7074
Daily Pivot Point S1: 0.7068
Daily Pivot Point S2: 0.7034
Daily Pivot Point S3: 0.7014
Daily Pivot Point R1: 0.7123
Daily Pivot Point R2: 0.7143
Daily Pivot Point R3: 0.7177