AUD/USD Technical Analysis: Chipping away at the 100-day SMA resistance line
- The AUD/USD is attempting a break above the 100-day simple moving average (SMA) hurdle of 0.7247, having bounced off strongly from the bullish (ascending) 20-day SMA of 0.7226 earlier today.
- The strong bounce from the 20-day SMA has indeed neutralized the bearish outlook put forward by the rising channel breakdown witnessed on Nov. 20.
- A bullish revival, however, would be confirmed above 0.73 (the neckline hurdle of the inverse head-and-shoulders pattern). That move could happen if the global equity markets trade on the offensive, as suggested by the 0.5 percent rise in the S&P 500 futures in Asia.
- The daily MACD has diverged in favor of the bears. As a result, the probability of pair confirming bullish revival above 0.73 in the short-term is quite low.
Daily Chart
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AUD/USD
Overview:
Today Last Price: 0.7245
Today Daily change: 15 pips
Today Daily change %: 0.207%
Today Daily Open: 0.723
Trends:
Previous Daily SMA20: 0.7217
Previous Daily SMA50: 0.7178
Previous Daily SMA100: 0.725
Previous Daily SMA200: 0.7439
Levels:
Previous Daily High: 0.7261
Previous Daily Low: 0.7218
Previous Weekly High: 0.7327
Previous Weekly Low: 0.7202
Previous Monthly High: 0.724
Previous Monthly Low: 0.702
Previous Daily Fibonacci 38.2%: 0.7235
Previous Daily Fibonacci 61.8%: 0.7245
Previous Daily Pivot Point S1: 0.7212
Previous Daily Pivot Point S2: 0.7194
Previous Daily Pivot Point S3: 0.717
Previous Daily Pivot Point R1: 0.7255
Previous Daily Pivot Point R2: 0.7279
Previous Daily Pivot Point R3: 0.7297