AUD/USD Technical Analysis: Aussie potentially set for a deep pullback to 0.7075 next week

AUD/USD 4-hour chart

  • AUD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
  • Aussie bulls are losing momentum below the 50 and 100 SMA. The RSI, MACD and Stochastic indicators are bearish.
  • If 0.7200 is broken the market should drop to 0.7075 in the next week.

Additional key levels 

AUD/USD

Overview:
    Last Price: 0.723
    Daily change: -22 pips
    Daily change: -0.303%
    Daily Open: 0.7252
Trends:
    Daily SMA20: 0.721
    Daily SMA50: 0.7176
    Daily SMA100: 0.7252
    Daily SMA200: 0.7442
Levels:
    Daily High: 0.727
    Daily Low: 0.7234
    Weekly High: 0.7336
    Weekly Low: 0.7164
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7247
    Daily Fibonacci 61.8%: 0.7256
    Daily Pivot Point S1: 0.7233
    Daily Pivot Point S2: 0.7215
    Daily Pivot Point S3: 0.7197
    Daily Pivot Point R1: 0.727
    Daily Pivot Point R2: 0.7288
    Daily Pivot Point R3: 0.7306

 

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