AUD/USD Technical Analysis: Aussie hugs 0.7100 figure post-RBA inspired bloodbath

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA).
Back on Wednesday, Reserve Bank of Australia's Lowe shifted the forward guidance to neutral and hinted at cutting rates and the AUD dropped more than a 100 pips.

AUD/USD 4-hour chart

AUD/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

AUD/USD 30-minute chart

Aussie is trading below its main SMAs suggesting bearish momentum in the short-term.
Bears will need to overcome the 0.7070 support in order to travel to 0.7000 figure to the downside.
On the flip side, resistances are seen near 0.7140 and 0.7180 level.

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.71
    Today Daily change: -19 pips
    Today Daily change %: -0.27%
    Today Daily Open: 0.7119
Trends:
    Daily SMA20: 0.7184
    Daily SMA50: 0.7165
    Daily SMA100: 0.7172
    Daily SMA200: 0.7287
Levels:
    Previous Daily High: 0.7246
    Previous Daily Low: 0.7109
    Previous Weekly High: 0.7296
    Previous Weekly Low: 0.7138
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7161
    Daily Fibonacci 61.8%: 0.7194
    Daily Pivot Point S1: 0.707
    Daily Pivot Point S2: 0.7021
    Daily Pivot Point S3: 0.6933
    Daily Pivot Point R1: 0.7207
    Daily Pivot Point R2: 0.7295
    Daily Pivot Point R3: 0.7344

Author

Flavio Tosti

Independent Analyst

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