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6 Feb 2019

AUD/USD Technical Analysis: Remains vulnerable near 2-week lows, upticks are likely to get sold into

   •  The pair was seen oscillating in a narrow band near the lower end of its daily trading range, or two-week lows, consolidating a sharp intraday slump of over 110-pips.

   •  Extreme oversold conditions on the 1-hourly chart seemed to be the only factor holding trader from placing any fresh bearish bets and limiting any further downside.

AUD/USD 1-hourly chart

   •  Meanwhile, oscillators on the daily chart have just started gaining negative momentum and support prospects for an extension of the recent rejection slide from 200-day SMA.

   •  Hence, any attempted recovery seems more likely to get sold into aggressively near the 0.7150-60 region amid the continuation of the recent US Dollar rally.

AUD/USD

Overview:
    Today Last Price: 0.7134
    Today Daily change %: -1.41%
    Today Daily Open: 0.7236
Trends:
    Daily SMA20: 0.7187
    Daily SMA50: 0.7169
    Daily SMA100: 0.7174
    Daily SMA200: 0.7289
Levels:
    Previous Daily High: 0.7265
    Previous Daily Low: 0.7194
    Previous Weekly High: 0.7296
    Previous Weekly Low: 0.7138
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7238
    Daily Fibonacci 61.8%: 0.7221
    Daily Pivot Point S1: 0.7198
    Daily Pivot Point S2: 0.716
    Daily Pivot Point S3: 0.7126
    Daily Pivot Point R1: 0.7269
    Daily Pivot Point R2: 0.7303
    Daily Pivot Point R3: 0.7341

 

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