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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


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