AUD/USD Price Analysis: Aussie surrenders gains

AUD/USD pulls back from the multi-year high of 0.7908.
The hourly chart indicators show scope for a deeper drop.

Omkar Godbole FXStreet Contributor

AUD/USD now trades largely unchanged on the day near 0.7875, having put in a multi-year high of 0.7908.

The hourly chart shows a bearish divergence of the Relative Strength Index (RSI). Further, the hourly chart MACD histogram has crossed below zero, indicating a bearish reversal.

Hence, the AUD could see a further decline toward 0.7850, under which the focus would shift to the 50-hour Simple Moving Average, currently at 0.7803.

Hourly chart

Trend: Pullback

Technical levels

XAU/USD

Overview
Today last price	1783.61
Today Daily Change	1.57
Today Daily Change %	0.09
Today daily open	1782.04

Trends
Daily SMA20	1823.3
Daily SMA50	1853.19
Daily SMA100	1864.08
Daily SMA200	1859.14

Levels
Previous Daily High	1791.68
Previous Daily Low	1760.72
Previous Weekly High	1827.11
Previous Weekly Low	1760.72
Previous Monthly High	1959.42
Previous Monthly Low	1802.8
Daily Fibonacci 38.2%	1779.85
Daily Fibonacci 61.8%	1772.55
Daily Pivot Point S1	1764.61
Daily Pivot Point S2	1747.19
Daily Pivot Point S3	1733.65
Daily Pivot Point R1	1795.57
Daily Pivot Point R2	1809.11
Daily Pivot Point R3	1826.53

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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