AUD/USD Technical Analysis: Manages to hold above 0.7100 support, at least for the time being
• Despite overnight rejection from a short-term ascending trend-line resistance, the pair has managed to hold above an important horizontal support near the 0.7100 handle.
• Technical indicators on the 4-hourly chart have started losing positive momentum and now support prospects for an extension of the overnight retracement slide from over one-week tops.
• However, traders are likely to wait for a convincing break below the above-mentioned support before positioning for any further near-term depreciating move.
AUD/USD 4-hourly chart
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AUD/USD
Overview:
Last Price: 0.7123
Daily change: 14 pips
Daily change: 0.197%
Daily Open: 0.7109
Trends:
Daily SMA20: 0.7164
Daily SMA50: 0.7213
Daily SMA100: 0.7329
Daily SMA200: 0.7542
Levels:
Daily High: 0.7161
Daily Low: 0.7106
Weekly High: 0.7141
Weekly Low: 0.7041
Monthly High: 0.7316
Monthly Low: 0.7041
Daily Fibonacci 38.2%: 0.7127
Daily Fibonacci 61.8%: 0.714
Daily Pivot Point S1: 0.709
Daily Pivot Point S2: 0.7071
Daily Pivot Point S3: 0.7035
Daily Pivot Point R1: 0.7145
Daily Pivot Point R2: 0.718
Daily Pivot Point R3: 0.7199