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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. 

1-hourly chart

   •  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


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