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20 Nov 2018
AUD/USD Technical Analysis: trapped in a falling channel, AUD hits session lows below 100-hour MA
- The AUD/USD is currently trading at the 100-hour moving average (MA) of 0.7273, having hit a session low of 0.7273 a few minutes before press time. The sharp losses in the Asian equities are likely weighing over the Aussie dollar.
- On the hourly chart, the currency pair is trapped inside the falling channel (bearish pattern). A channel breakout, if confirmed, could be considered a sign the pullback from the recent high of 0.7338 has ended and the bulls have regained control.
- The intraday outlook, however, would remain bearish as long as the currency is trapped in a falling channel.
Hourly Chart
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Trend: Bearish
AUD/USD
Overview:
Last Price: 0.7273
Daily change: -19 pips
Daily change: -0.261%
Daily Open: 0.7292
Trends:
Daily SMA20: 0.7184
Daily SMA50: 0.7171
Daily SMA100: 0.7256
Daily SMA200: 0.7451
Levels:
Daily High: 0.7327
Daily Low: 0.7276
Weekly High: 0.7336
Weekly Low: 0.7164
Monthly High: 0.724
Monthly Low: 0.702
Daily Fibonacci 38.2%: 0.7296
Daily Fibonacci 61.8%: 0.7308
Daily Pivot Point S1: 0.727
Daily Pivot Point S2: 0.7248
Daily Pivot Point S3: 0.7219
Daily Pivot Point R1: 0.732
Daily Pivot Point R2: 0.7349
Daily Pivot Point R3: 0.7371