AUD/USD Technical Analysis: Intraday bounce from 4-month low remains capped at 0.70 mark, RBA in focus
5/6/2019 10:56:03 AM
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• The pair recovered a part of its early decline to fresh four-month lows, touched in reaction to negative US-China trade-related news, albeit strugg

   •  The pair recovered a part of its early decline to fresh four-month lows, touched in reaction to negative US-China trade-related news, albeit struggled to make its way back above the key 0.70 psychological mark.

   •  The pair recovered a part of its early decline to fresh four-month lows, touched in reaction to negative US-China trade-related news, albeit struggled to make its way back above the key 0.70 psychological mark.news

   •  The mentioned handle nears a resistance marked by 38.2% Fibonacci retracement level of the latest leg of downfall from the post-NFP swing high and might now act as a key pivotal point for intraday traders.

   •  The mentioned handle nears a resistance marked by 38.2% Fibonacci retracement level of the latest leg of downfall from the post-NFP swing high and might now act as a key pivotal point for intraday traders.resistanceFibonacci

   •  Meanwhile, technical indicators on hourly/daily charts maintained their bearish bias and still far from being in the oversold territory, suggesting that the near-term selling pressure might still be far from over.

   •  Meanwhile, technical indicators on hourly/daily charts maintained their bearish bias and still far from being in the oversold territory, suggesting that the near-term selling pressure might still be far from over.indicators

   •  Traders, however, seemed reluctant to place any aggressive bets and prefer to wait on the sidelines ahead of the latest RBA monetary policy update, scheduled to be announced during the Asian session on Tuesday.

   •  Traders, however, seemed reluctant to place any aggressive bets and prefer to wait on the sidelines ahead of the latest RBA monetary policy update, scheduled to be announced during the Asian session on Tuesday.RBA

   •  In the meantime, a sustained move beyond the mentioned handle might prompt some short-covering move and lift the pair towards the 0.7025-30 confluence hurdle - 200-hour SMA and 61.8% Fibo. level.

   •  In the meantime, a sustained move beyond the mentioned handle might prompt some short-covering move and lift the pair towards the 0.7025-30 confluence hurdle - 200-hour SMA and 61.8% Fibo. level.

AUD/USD 1-hourly chart

AUD/USD 1-hourly chartAUD/USDchart

AUD/USD

Overview
Today last price 0.6991
Today Daily Change -0.0025
Today Daily Change % -0.36
Today daily open 0.7016
 
Trends
Daily SMA20 0.71
Daily SMA50 0.7096
Daily SMA100 0.7114
Daily SMA200 0.717
Levels
Previous Daily High 0.7026
Previous Daily Low 0.6984
Previous Weekly High 0.707
Previous Weekly Low 0.6984
Previous Monthly High 0.7206
Previous Monthly Low 0.6988
Daily Fibonacci 38.2% 0.701
Daily Fibonacci 61.8% 0.7
Daily Pivot Point S1 0.6992
Daily Pivot Point S2 0.6967
Daily Pivot Point S3 0.695
Daily Pivot Point R1 0.7033
Daily Pivot Point R2 0.705
Daily Pivot Point R3 0.7075

 

AUD/USD

Overview
Today last price 0.6991
Today Daily Change -0.0025
Today Daily Change % -0.36
Today daily open 0.7016
 
Trends
Daily SMA20 0.71
Daily SMA50 0.7096
Daily SMA100 0.7114
Daily SMA200 0.717
Levels
Previous Daily High 0.7026
Previous Daily Low 0.6984
Previous Weekly High 0.707
Previous Weekly Low 0.6984
Previous Monthly High 0.7206
Previous Monthly Low 0.6988
Daily Fibonacci 38.2% 0.701
Daily Fibonacci 61.8% 0.7
Daily Pivot Point S1 0.6992
Daily Pivot Point S2 0.6967
Daily Pivot Point S3 0.695
Daily Pivot Point R1 0.7033
Daily Pivot Point R2 0.705
Daily Pivot Point R3 0.7075

AUD/USD

Overview
Today last price 0.6991
Today Daily Change -0.0025
Today Daily Change % -0.36
Today daily open 0.7016
 
Trends
Daily SMA20 0.71
Daily SMA50 0.7096
Daily SMA100 0.7114
Daily SMA200 0.717
Levels
Previous Daily High 0.7026
Previous Daily Low 0.6984
Previous Weekly High 0.707
Previous Weekly Low 0.6984
Previous Monthly High 0.7206
Previous Monthly Low 0.6988
Daily Fibonacci 38.2% 0.701
Daily Fibonacci 61.8% 0.7
Daily Pivot Point S1 0.6992
Daily Pivot Point S2 0.6967
Daily Pivot Point S3 0.695
Daily Pivot Point R1 0.7033
Daily Pivot Point R2 0.705
Daily Pivot Point R3 0.7075

AUD/USD

Overview
Today last price 0.6991
Today Daily Change -0.0025
Today Daily Change % -0.36
Today daily open 0.7016
 
Trends
Daily SMA20 0.71
Daily SMA50 0.7096
Daily SMA100 0.7114
Daily SMA200 0.717
Overview
Today last price 0.6991
Today Daily Change -0.0025
Today Daily Change % -0.36
Today daily open 0.7016
Overview Overview Overview Today last price 0.6991 Today Daily Change -0.0025 Today Daily Change % -0.36 Today daily open 0.7016 Today last price 0.6991 Today last price0.69910.6991 Today Daily Change -0.0025 Today Daily Change-0.0025-0.0025 Today Daily Change % -0.36 Today Daily Change %-0.36-0.36 Today daily open 0.7016 Today daily open0.70160.7016
 
Trends
Daily SMA20 0.71
Daily SMA50 0.7096
Daily SMA100 0.7114
Daily SMA200 0.717
Trends Trends Trends Daily SMA20 0.71 Daily SMA50 0.7096 Daily SMA100 0.7114 Daily SMA200 0.717 Daily SMA20 0.71 Daily SMA200.710.71 Daily SMA50 0.7096 Daily SMA500.70960.7096 Daily SMA100 0.7114 Daily SMA1000.71140.7114 Daily SMA200 0.717 Daily SMA2000.7170.717
Levels
Previous Daily High 0.7026
Previous Daily Low 0.6984
Previous Weekly High 0.707
Previous Weekly Low 0.6984
Previous Monthly High 0.7206
Previous Monthly Low 0.6988
Daily Fibonacci 38.2% 0.701
Daily Fibonacci 61.8% 0.7
Daily Pivot Point S1 0.6992
Daily Pivot Point S2 0.6967
Daily Pivot Point S3 0.695
Daily Pivot Point R1 0.7033
Daily Pivot Point R2 0.705
Daily Pivot Point R3 0.7075
Levels
Previous Daily High 0.7026
Previous Daily Low 0.6984
Previous Weekly High 0.707
Previous Weekly Low 0.6984
Previous Monthly High 0.7206
Previous Monthly Low 0.6988
Daily Fibonacci 38.2% 0.701
Daily Fibonacci 61.8% 0.7
Daily Pivot Point S1 0.6992
Daily Pivot Point S2 0.6967
Daily Pivot Point S3 0.695
Daily Pivot Point R1 0.7033
Daily Pivot Point R2 0.705
Daily Pivot Point R3 0.7075
Levels Levels Levels Previous Daily High 0.7026 Previous Daily Low 0.6984 Previous Weekly High 0.707 Previous Weekly Low 0.6984 Previous Monthly High 0.7206 Previous Monthly Low 0.6988 Daily Fibonacci 38.2% 0.701 Daily Fibonacci 61.8% 0.7 Daily Pivot Point S1 0.6992 Daily Pivot Point S2 0.6967 Daily Pivot Point S3 0.695 Daily Pivot Point R1 0.7033 Daily Pivot Point R2 0.705 Daily Pivot Point R3 0.7075 Previous Daily High 0.7026 Previous Daily High0.70260.7026 Previous Daily Low 0.6984 Previous Daily Low0.69840.6984 Previous Weekly High 0.707 Previous Weekly High0.7070.707 Previous Weekly Low 0.6984 Previous Weekly Low0.69840.6984 Previous Monthly High 0.7206 Previous Monthly High0.72060.7206 Previous Monthly Low 0.6988 Previous Monthly Low0.69880.6988 Daily Fibonacci 38.2% 0.701 Daily Fibonacci 38.2%0.7010.701 Daily Fibonacci 61.8% 0.7 Daily Fibonacci 61.8%0.70.7 Daily Pivot Point S1 0.6992 Daily Pivot Point S10.69920.6992 Daily Pivot Point S2 0.6967 Daily Pivot Point S20.69670.6967 Daily Pivot Point S3 0.695 Daily Pivot Point S30.6950.695 Daily Pivot Point R1 0.7033 Daily Pivot Point R10.70330.7033 Daily Pivot Point R2 0.705 Daily Pivot Point R20.7050.705 Daily Pivot Point R3 0.7075 Daily Pivot Point R30.70750.7075