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AUD/USD Technical Analysis: Aussie challenging 0.7200 key resistance ahead of Fed’s Powell speech

AUD/USD Daily chart

  • AUD/USD is trading in a bear trend below the 200 SMA.
  • AUD/USD is challenging the 50 and 100 SMA near the 0.7200 figure
  • Fed’s Powell is set to speak at 17.00 GMT and it this can have a strong impact on the currency markets.

AUD/USD 4-hour chart

  • AUD/USD bulls have gained some positive momentum as they reclaimed the 200 SMA.

AUD/USD 30-minute chart

  • AUD/USD is trading above its main SMAs and bulls are eager to break above the 0.7200 figure. 
  • However, in the absence of a breakout above the level USD bulls might take the lead and resume the main bear trend by targeting 0.7100 to the downside.

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.7189
    Today Daily change: 8.0 pips
    Today Daily change %: 0.111%
    Today Daily Open: 0.7181
Trends:
    Previous Daily SMA20: 0.7097
    Previous Daily SMA50: 0.7189
    Previous Daily SMA100: 0.7179
    Previous Daily SMA200: 0.7336
Levels:
    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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