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AUD/USD Technical Analysis: AUD is teasing falling wedge breakout

  • The AUD/USD pair is currently trading above the upper edge of the falling wedge and is chipping away at the 100-hour moving average (MA) lined, currently a 0.72.
  • A falling wedge breakout would be confirmed if the current hourly candle closes above the wedge resistance. That would imply a bullish reversal on the hourly chart and open the doors to 0.7239 (Dec. 13 high hurdle on the hourly chart).
  • The 14-hour relative strength index (RSI) has also jumped in bullish territory above 50.00.
  • The bullish view, however, would be invalidated below the support of 0.7168.

Hourly Chart

Trend: Bullish

AUD/USD

Overview:
    Today Last Price: 0.7197
    Today Daily change: 21 pips
    Today Daily change %: 0.293%
    Today Daily Open: 0.7176
Trends:
    Previous Daily SMA20: 0.7247
    Previous Daily SMA50: 0.7194
    Previous Daily SMA100: 0.7224
    Previous Daily SMA200: 0.7392
Levels:
    Previous Daily High: 0.7188
    Previous Daily Low: 0.7168
    Previous Weekly High: 0.7247
    Previous Weekly Low: 0.7151
    Previous Monthly High: 0.7345
    Previous Monthly Low: 0.7072
    Previous Daily Fibonacci 38.2%: 0.718
    Previous Daily Fibonacci 61.8%: 0.7175
    Previous Daily Pivot Point S1: 0.7166
    Previous Daily Pivot Point S2: 0.7157
    Previous Daily Pivot Point S3: 0.7146
    Previous Daily Pivot Point R1: 0.7187
    Previous Daily Pivot Point R2: 0.7198
    Previous Daily Pivot Point R3: 0.7207

 

 

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