AUD/USD Technical Analysis: Bulls gearing up for an eventual breakthrough 50-DMA/0.7200 handle
• The pair's post-flash-crash recovery from almost a decade low struggled to make it through 50-day SMA barrier, just ahead of the 0.7200 handle.
AUD/USD daily chart
• However, the fact that bulls have been showing some resilience near 50-hour SMA clearly suggests increasing dip-buying interest at lower levels.
• Technical indicators on hourly charts have cooled off from near-term overbought conditions and maintained their bullish bias on the daily chart.
• The set-up support prospects for additional near-term gains and the price action over the past 24-hours might still be considered as a consolidation phase.
Today Last Price: 0.7189
Today Daily change: 8.0 pips
Today Daily change %: 0.111%
Today Daily Open: 0.7181
Previous Daily SMA20: 0.7097
Previous Daily SMA50: 0.7189
Previous Daily SMA100: 0.7179
Previous Daily SMA200: 0.7336
Previous Daily High: 0.7194
Previous Daily Low: 0.713
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%: 0.717
Previous Daily Fibonacci 61.8%: 0.7154
Previous Daily Pivot Point S1: 0.7143
Previous Daily Pivot Point S2: 0.7104
Previous Daily Pivot Point S3: 0.7079
Previous Daily Pivot Point R1: 0.7207
Previous Daily Pivot Point R2: 0.7232
Previous Daily Pivot Point R3: 0.7271