OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD Technical Analysis: Aussie break to 3 year’s low as the battle for 0.7000 has started

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 50 and 200-period simple moving average (SMA).
  • AUD/USD is testing the 0.7000 figure, the lowest level in nearly three years.

AUD/USD 4-hour chart

  • AUD/USD rejected the 50 SMA. 
  • The bears need to keep AUD/USD below 0.7000 in order to extend the bear trend.


AUD/USD 30-minute chart

  • Although the trend is strongly bearish the downside is very much likely limited as 0.7000, 0.7020 and 0.7050 become the next bull targets in the coming sessions.


Additional key levels:

AUD/USD

Overview:
    Today Last Price: 0.6985
    Today Daily change: -71 pips
    Today Daily change %: -1.01%
    Today Daily Open: 0.7056
Trends:
    Previous Daily SMA20: 0.7134
    Previous Daily SMA50: 0.7186
    Previous Daily SMA100: 0.7192
    Previous Daily SMA200: 0.7354
Levels:
    Previous Daily High: 0.7072
    Previous Daily Low: 0.6996
    Previous Weekly High: 0.7078
    Previous Weekly Low: 0.7014
    Previous Monthly High: 0.7394
    Previous Monthly Low: 0.7014
    Previous Daily Fibonacci 38.2%: 0.7043
    Previous Daily Fibonacci 61.8%: 0.7025
    Previous Daily Pivot Point S1: 0.7011
    Previous Daily Pivot Point S2: 0.6965
    Previous Daily Pivot Point S3: 0.6935
    Previous Daily Pivot Point R1: 0.7087
    Previous Daily Pivot Point R2: 0.7117
    Previous Daily Pivot Point R3: 0.7163

 

Wall Street ekes out a small gain for first turbulent trading day of 2019

The Dow Jones Industrial Average added around 19 points, or 0.1%, to 23,346 by the close of a yet another turbulent day on Wall Street. Global growth
Read more Previous

Breaking: USD/JPY drops more than 300 pips in minutes as risk aversion hits markets

Following the reports of Apple cutting its first-quarter revenue guidance, fears over a global economic slowdown escalated and caused a fresh wave of
Read more Next
Start livechat