AUD/USD Technical Analysis: immediate channel resistance can disappoint Aussie bulls at 0.7180
- AUD/USD trades little changed near 0.7170 during initial Wednesday.
- The pair defied weaker than expected 0.6% print of fourth quarter 2018 Australian wage price index to 0.5% as it rose to the intra-day high of 0.7175 post-release.
- However, resistance-line of an upward sloping trend-channel stretched since February 12, at 0.7180, coupled with oversold levels of 14-bar relative strength index (RSI), can disappoint the Aussie bulls.
- In case prices refrain to respect 0.7180 resistance, 0.7195 and 0.7210 may offer intermediate halts to their rally towards 0.7230, 0.7250 and 0.7265 consecutive numbers to the north.
- Meanwhile, 0.7145 can act as immediate support to the pair during its pullback whereas 0.7115 and the channel-support figure of 0.7105 may limit following declines.
- If the quote slips under 0.7105, also validate the decline by breaking 0.7000 round-figure, then a chance of witnessing 0.7050 again on chart can’t be denied.
AUD/USD hourly chart
Additional important levels:
Overview:
Today Last Price: 0.7172
Today Daily change: 5 pips
Today Daily change %: 0.07%
Today Daily Open: 0.7167
Trends:
Daily SMA20: 0.7153
Daily SMA50: 0.7136
Daily SMA100: 0.716
Daily SMA200: 0.7269
Levels:
Previous Daily High: 0.7175
Previous Daily Low: 0.7103
Previous Weekly High: 0.7149
Previous Weekly Low: 0.7053
Previous Monthly High: 0.7296
Previous Monthly Low: 0.6684
Daily Fibonacci 38.2%: 0.7147
Daily Fibonacci 61.8%: 0.7131
Daily Pivot Point S1: 0.7122
Daily Pivot Point S2: 0.7076
Daily Pivot Point S3: 0.705
Daily Pivot Point R1: 0.7194
Daily Pivot Point R2: 0.722
Daily Pivot Point R3: 0.7266