AUD/USD Price Analysis: Bears brace for 0.7200 at three-week low


  • AUD/USD holds lower ground near monthly low, prints three-day downtrend.
  • Sustained trading below 200-DMA, descending RSI, not oversold, back the bears.
  • 78.6% Fibonacci retracement can trigger corrective pullback, two-month-old hurdle guards recovery moves.

AUD/USD remains pressured around the monthly low of 0.7226, down 0.68% intraday ahead of Monday’s European session.

In doing so, the Aussie pair extends Friday’s downside break of one-month-old horizontal support, now resistance, amid a bearish RSI line.

Given the absence of oversold RSI, AUD/USD prices can continue extending the south-run towards the 0.7200 threshold, comprising 78.6% Fibonacci retracement level of November 2020 to February 2021 upside.

It should be noted, however, that any further downside past 0.7200 may be challenged by the RSI conditions, likely to turn oversold around then, if not then the yearly low near 0.7105 and a descending support line from April close to 0.7015 will be in focus.

Meanwhile, the corrective pullback will be ignored unless crossing a horizontal area comprising July’s low, surrounding 0.7290.

Even so, 50-DMA and 61.8% Fibonacci retracement levels, respectively around 0.7340 and 0.7340, challenge the AUD/USD bulls.

AUD/USD: Daily chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price 0.7231
Today Daily Change -0.0053
Today Daily Change % -0.73%
Today daily open 0.7284
 
Trends
Daily SMA20 0.7332
Daily SMA50 0.7346
Daily SMA100 0.7507
Daily SMA200 0.7605
 
Levels
Previous Daily High 0.7323
Previous Daily Low 0.7262
Previous Weekly High 0.7377
Previous Weekly Low 0.7262
Previous Monthly High 0.7427
Previous Monthly Low 0.7106
Daily Fibonacci 38.2% 0.7285
Daily Fibonacci 61.8% 0.73
Daily Pivot Point S1 0.7256
Daily Pivot Point S2 0.7228
Daily Pivot Point S3 0.7194
Daily Pivot Point R1 0.7317
Daily Pivot Point R2 0.7351
Daily Pivot Point R3 0.7379

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD breaks below 1.0400 due to renewed US-EU trade tensions

EUR/USD breaks below 1.0400 due to renewed US-EU trade tensions

EUR/USD continues its decline for the third consecutive day, trading near 1.0390 during the early Friday. The pair weakens as the risk-sensitive Euro faces selling pressure amid heightened risk aversion following renewed US-EU trade tensions. 

EUR/USD News
Bitcoin, Ethereum, and Ripple continue to sell off

Bitcoin, Ethereum, and Ripple continue to sell off

Bitcoin price continues declining on Friday after falling more than 15% this week. Ethereum and Ripple followed BTC’s footsteps and declined by nearly 24% and 21%, respectively.

Read more
GBP/USD holds below 1.2600 as US PCE inflation data looms

GBP/USD holds below 1.2600 as US PCE inflation data looms

The GBP/USD pair extends its downside to near 1.2580 during the early European session on Friday. Tariff uncertainty from US President Donald Trump undermines the Pound Sterling against the US Dollar.

GBP/USD News
Gold price remains depressed near two-week low amid modest USD strength

Gold price remains depressed near two-week low amid modest USD strength

Gold price attracts sellers for the second straight day amid a broadly stronger USD. The risk-off mood and sliding US bond yields do little to support the precious metal. Traders now look forward to the US PCE Price Index for some meaningful impetus.

Gold News
February inflation: Sharp drop expected in France, stability in the rest of the Eurozone

February inflation: Sharp drop expected in France, stability in the rest of the Eurozone

Inflation has probably eased in February, particularly in France due to the marked cut in the regulated electricity price. However, this overall movement masks divergent trends. Although disinflation is becoming more widespread, prices continue to rise rapidly in services, in France as well as elsewhere in the Eurozone.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025