Back
2 Nov 2018
AUD/USD Technical Analysis: Bearish RSI divergence noted on hourly chart
- The AUD/USD pair is currently trading at 0.7196, having hit a high of 0.7214 earlier today.
- A deeper pullback, possibly to the 100-day exponential moving average (EMA) of 0.7173, could be in the offing as the relative strength index and stochastic have diverged in favor of the bears, according to hourly chart.
- Pullbacks will likely be short-lived as the pair scaled the nine-month-long falling trendline yesterday, confirming a bearish-to-bullish trend change.
Hourly Chart
-636767261768409465.png)
Trend: Intraday bearish
AUD/USD
Overview:
Last Price: 0.7198
Daily change: -8.0 pips
Daily change: -0.111%
Daily Open: 0.7206
Trends:
Daily SMA20: 0.7098
Daily SMA50: 0.7168
Daily SMA100: 0.7274
Daily SMA200: 0.7495
Levels:
Daily High: 0.7214
Daily Low: 0.7072
Weekly High: 0.7128
Weekly Low: 0.702
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.716
Daily Fibonacci 61.8%: 0.7126
Daily Pivot Point S1: 0.7114
Daily Pivot Point S2: 0.7022
Daily Pivot Point S3: 0.6972
Daily Pivot Point R1: 0.7256
Daily Pivot Point R2: 0.7306
Daily Pivot Point R3: 0.7397