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AUD/USD Technical Analysis: Move beyond 100-hour SMA likely to get sold into

   •  The pair struggled to build on its attempted recovery from near 22-month lows further beyond 100-hour SMA and quickly retreated around 15-pips from session tops.

   •  Technical indicators on 4-hourly/daily charts remain in the bearish territory and have also started losing positive momentum on the 1-hourly chart.

   •  The set-up clearly points to persistent selling bias at higher levels and hence, any subsequent up-move beyond the mentioned hurdle seems more likely to be sold into.

AUD/USD 1-hourly chart


    Today Last Price: 0.7048
    Today Daily change: 14 pips
    Today Daily change %: 0.199%
    Today Daily Open: 0.7034
    Previous Daily SMA20: 0.7176
    Previous Daily SMA50: 0.7189
    Previous Daily SMA100: 0.7199
    Previous Daily SMA200: 0.7364
    Previous Daily High: 0.7078
    Previous Daily Low: 0.7014
    Previous Weekly High: 0.7204
    Previous Weekly Low: 0.7038
    Previous Monthly High: 0.7345
    Previous Monthly Low: 0.7072
    Previous Daily Fibonacci 38.2%: 0.7038
    Previous Daily Fibonacci 61.8%: 0.7054
    Previous Daily Pivot Point S1: 0.7006
    Previous Daily Pivot Point S2: 0.6978
    Previous Daily Pivot Point S3: 0.6942
    Previous Daily Pivot Point R1: 0.707
    Previous Daily Pivot Point R2: 0.7106
    Previous Daily Pivot Point R3: 0.7134


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