OctaFX | OctaFX Forex Broker
Open trading account

AUD/USD Technical Analysis: After the flash crash Aussie recovers to 0.7000 figure - Will it last?

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 200-period simple moving average (SMA).
  • The Aussie is trading near 3-year’s low. 

AUD/USD 4-hour chart

  • AUD/USD is trading below its main SMAs suggesting that the momentum is bearish.
  • AUD/USD had a flash 300-pip crash but the bear move seems to have recovered with bulls challenging the 0.7000 figure.

AUD/USD 30-minute chart

  • AUD/USD is testing the 0.7020 level and the 200 SMA. Given the bearish trend is it unlikely that bulls have much fuel left in the tank.
  • The level to beat for bulls is 0.7020 which could lead to a run to 0.7070 level. On the flip side, support are seen near the 0.6950 and 0.6880 levels.

Additional key levels


    Today Last Price: 0.7011
    Today Daily change: 12 pips
    Today Daily change %: 0.171%
    Today Daily Open: 0.6999
    Previous Daily SMA20: 0.712
    Previous Daily SMA50: 0.7185
    Previous Daily SMA100: 0.7189
    Previous Daily SMA200: 0.735
    Previous Daily High: 0.7058
    Previous Daily Low: 0.6982
    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%: 0.7011
    Previous Daily Fibonacci 61.8%: 0.7029
    Previous Daily Pivot Point S1: 0.6968
    Previous Daily Pivot Point S2: 0.6937
    Previous Daily Pivot Point S3: 0.6892
    Previous Daily Pivot Point R1: 0.7044
    Previous Daily Pivot Point R2: 0.7089
    Previous Daily Pivot Point R3: 0.712


BoJ to trim inflation outlook for next two years - Nikkei

According to Nikkei Asian Review, Bank of Japan policymakers are considering to downgrade their inflation outlook to reflect lower crude oil prices, r
Read more Previous

Gold eyeing R3 at $1,303 on rising risk aversion

An additional wave of safe haven flows piled int the yellow metal at the start of 2019 following a turbulent time into the final month of 2018 on conc
Read more Next
Start livechat