AUD/USD Technical Analysis: Poised to build on intraday positive momentum
• The pair caught some fresh bids at the start of a new trading week and has now recovered all of its losses recorded over the past two trading session.
• A convincing breakthrough near one-week-old descending trend-line and a subsequent move beyond 100-hour SMA was seen as a key trigger for bullish traders.
• Technical indicators on the 1-hourly chart have been gaining positive momentum and are still far from being in overbought territory on short-term charts.
• The set-up support prospects for an extension of the intraday positive momentum and hence, any meaningful dips will be seen as a buying opportunity.
AUD/USD 1-hourly chart
-636788162454952905.png)
AUD/USD
Overview:
Today Last Price: 0.7266
Today Daily change: 36 pips
Today Daily change %: 0.498%
Today Daily Open: 0.723
Trends:
Previous Daily SMA20: 0.7217
Previous Daily SMA50: 0.7178
Previous Daily SMA100: 0.725
Previous Daily SMA200: 0.7439
Levels:
Previous Daily High: 0.7261
Previous Daily Low: 0.7218
Previous Weekly High: 0.7327
Previous Weekly Low: 0.7202
Previous Monthly High: 0.724
Previous Monthly Low: 0.702
Previous Daily Fibonacci 38.2%: 0.7235
Previous Daily Fibonacci 61.8%: 0.7245
Previous Daily Pivot Point S1: 0.7212
Previous Daily Pivot Point S2: 0.7194
Previous Daily Pivot Point S3: 0.717
Previous Daily Pivot Point R1: 0.7255
Previous Daily Pivot Point R2: 0.7279
Previous Daily Pivot Point R3: 0.7297