AUD/USD Technical Analysis: Tucking into fresh weekly lows near 0.7060 as bearish trendline remains
The last twenty-four hours have been poor to the AUD/USD, with the Aussie slipping back down after rejecting off of a descending trendline, formed off of last Friday's peak at 0.7150, a major consolidation and resistance zone.
AUD/USD, M5
The past week has seen the AUD/USD accelerate its bearish stance, declining outside the low end of the pair's declining channel, and the lower boundary could turn into a key resistance level.
AUD/USD, M30
The AUD/USD has seen a bearish lean in the past month as well, declining into a short side trendline break from 0.7090, and the pair could remain constrained near the last swing low near 0.7050 unless bears gather enough momentum to break the Aussie into a fresh 2018 low.
AUD/USD, H4
AUD/USD
Overview:
Last Price: 0.7073
Daily change: -8.0 pips
Daily change: -0.113%
Daily Open: 0.7081
Trends:
Daily SMA20: 0.7137
Daily SMA50: 0.72
Daily SMA100: 0.7314
Daily SMA200: 0.7531
Levels:
Daily High: 0.7128
Daily Low: 0.7076
Weekly High: 0.7161
Weekly Low: 0.7089
Monthly High: 0.7316
Monthly Low: 0.7085
Daily Fibonacci 38.2%: 0.7095
Daily Fibonacci 61.8%: 0.7108
Daily Pivot Point S1: 0.7062
Daily Pivot Point S2: 0.7043
Daily Pivot Point S3: 0.701
Daily Pivot Point R1: 0.7114
Daily Pivot Point R2: 0.7147
Daily Pivot Point R3: 0.7166