AUD/USD Technical Analysis: Struggles to breakthrough 100-hour SMA/0.7200 handle
• The pair failed to capitalize on broad-based USD weakness and continued with its struggled to move back above 100-hour SMA, conquer the 0.7200 handle.
• Technical indicators on hourly charts have been gaining positive traction and thus, support prospects for an extension of the ongoing modest recovery move.
• However, oscillators on the daily chart have just entered the bearish territory and hence, any up-move beyond the mentioned handle might turn out to be short-lived.
• The set-up clearly suggests that the near-term bearish bias might still be far from over and attempted recovery moves might be looked upon as selling opportunities.
AUD/USD 1-hourly chart
Today Last Price: 0.7195
Today Daily change: 19 pips
Today Daily change %: 0.265%
Today Daily Open: 0.7176
Previous Daily SMA20: 0.7247
Previous Daily SMA50: 0.7194
Previous Daily SMA100: 0.7224
Previous Daily SMA200: 0.7392
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