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AUD/USD Technical Analysis: 61.8 percent Fib has put brakes on the rally

  • AUD/USD's rally from the Jan. 3 low of 0.6744 has run into a roadblock at 0.7146 - 61.8 percent Fibonacci retracement of 0.7393/0.6744.
  • The 5-day and 10-day moving averages (MAs) are trending north, having produced a bullish crossover. The outlook, therefore, would turn bullish if the AUD finds acceptance above the 61.8 percent hurdle.
  • Repeated failure to take out the golden ratio of the 61.8 percent Fib would weaken bullish pressures.

Daily chart

Trend: Bullish above 61.8% Fib

AUD/USD

Overview:
    Today Last Price: 0.7127
    Today Daily change: -17 pips
    Today Daily change %: -0.238%
    Today Daily Open: 0.7144
Trends:
    Previous Daily SMA20: 0.7102
    Previous Daily SMA50: 0.7186
    Previous Daily SMA100: 0.7183
    Previous Daily SMA200: 0.7341
Levels:
    Previous Daily High: 0.7151
    Previous Daily Low: 0.7089
    Previous Weekly High: 0.7125
    Previous Weekly Low: 0.6684
    Previous Monthly High: 0.7394
    Previous Monthly Low: 0.7014
    Previous Daily Fibonacci 38.2%: 0.7127
    Previous Daily Fibonacci 61.8%: 0.7113
    Previous Daily Pivot Point S1: 0.7105
    Previous Daily Pivot Point S2: 0.7066
    Previous Daily Pivot Point S3: 0.7043
    Previous Daily Pivot Point R1: 0.7167
    Previous Daily Pivot Point R2: 0.719
    Previous Daily Pivot Point R3: 0.7229

 

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