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AUD/USD Technical Analysis: contracting triangle breakdown seen in 15-min chart

  • The AUD/USD has pierced the lower edge of the contracting triangle soon before press time, signaling the resumption of the drop from yesterday's high of 0.7149.
  • On the hourly chart, the key MAs - 50, 100, and 200, are trending south and located one below the other.
  • On the daily chart, the 5- and 10-day MAs are sloping downwards, pointing to short-term bearish setup.
  • All this indicates, the pair is likely to revisit yesterday's low of 0.7086.

15-minute chart      

                                                        

Trend: Bearish

AUD/USD

Overview:
    Today Last Price: 0.711
    Today Daily change: -7.0 pips
    Today Daily change %: -0.0984%
    Today Daily Open: 0.7117
Trends:
    Previous Daily SMA20: 0.7231
    Previous Daily SMA50: 0.7197
    Previous Daily SMA100: 0.7216
    Previous Daily SMA200: 0.7382
Levels:
    Previous Daily High: 0.7149
    Previous Daily Low: 0.7086
    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%: 0.7125
    Previous Daily Fibonacci 61.8%: 0.711
    Previous Daily Pivot Point S1: 0.7085
    Previous Daily Pivot Point S2: 0.7054
    Previous Daily Pivot Point S3: 0.7022
    Previous Daily Pivot Point R1: 0.7149
    Previous Daily Pivot Point R2: 0.7181
    Previous Daily Pivot Point R3: 0.7212

 

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