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AUD/USD Technical Analysis: Trapped by near-term resistance, 0.7300 looking out of reach

  • The short-term Aussie chart has left the AUD/USD in the lurch, strung out in a constraining pattern within Thursday's trading range as the broader markets await further impetus to trigger directional changes.

AUD/USD Chart, 5-Minute

  • The past two weeks sees the AUD/USD's latest bull move facing potential rejection from that pair's last swing high into the 0.7300 region, and buyers are risking a stall-out if they don't keep the pair propped up beyond the last higher low at 0.7250.

AUD/USD Chart, 30-Minute

  • A flatlining H4 candlestick chart likewise brings poor news for Aussie bidders, with the 200-period moving average nearly perfectly horizontal from 0.7140, with only thin support coming from the 50-period MA at 0.7225.

AUD/USD Chart, 4-Hour

AUD/USD

Overview:
    Last Price: 0.7286
    Daily change: 7.0 pips
    Daily change: 0.0962%
    Daily Open: 0.7279
Trends:
    Daily SMA20: 0.7163
    Daily SMA50: 0.7163
    Daily SMA100: 0.7257
    Daily SMA200: 0.7456
Levels:
    Daily High: 0.73
    Daily Low: 0.7226
    Weekly High: 0.7304
    Weekly Low: 0.7183
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7272
    Daily Fibonacci 61.8%: 0.7255
    Daily Pivot Point S1: 0.7237
    Daily Pivot Point S2: 0.7195
    Daily Pivot Point S3: 0.7164
    Daily Pivot Point R1: 0.7311
    Daily Pivot Point R2: 0.7342
    Daily Pivot Point R3: 0.7384

 

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