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7 Feb 2019

AUD/USD Technical Analysis: Aussie hugs 0.7100 figure post-RBA inspired bloodbath

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA).
  • Back on Wednesday, Reserve Bank of Australia's Lowe shifted the forward guidance to neutral and hinted at cutting rates and the AUD dropped more than a 100 pips.

AUD/USD 4-hour chart

  • AUD/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.


AUD/USD 30-minute chart

  • Aussie is trading below its main SMAs suggesting bearish momentum in the short-term.
  • Bears will need to overcome the 0.7070 support in order to travel to 0.7000 figure to the downside.
  • On the flip side, resistances are seen near 0.7140 and 0.7180 level.

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.71
    Today Daily change: -19 pips
    Today Daily change %: -0.27%
    Today Daily Open: 0.7119
Trends:
    Daily SMA20: 0.7184
    Daily SMA50: 0.7165
    Daily SMA100: 0.7172
    Daily SMA200: 0.7287
Levels:
    Previous Daily High: 0.7246
    Previous Daily Low: 0.7109
    Previous Weekly High: 0.7296
    Previous Weekly Low: 0.7138
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7161
    Daily Fibonacci 61.8%: 0.7194
    Daily Pivot Point S1: 0.707
    Daily Pivot Point S2: 0.7021
    Daily Pivot Point S3: 0.6933
    Daily Pivot Point R1: 0.7207
    Daily Pivot Point R2: 0.7295
    Daily Pivot Point R3: 0.7344

 

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