#AUDUSD @ 0.63142 Dollar loses momentum late on Friday after WSJ report. (Pivot Orderbook analysis)
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- Dollar loses momentum late on Friday after WSJ report.
- AUD/USD rises from multi-day lows to 0.6330.
The pair currently trades last at 0.63142.
The previous day high was 0.6356 while the previous day low was 0.6228. The daily 38.2% Fib levels comes at 0.6307, expected to provide support. Similarly, the daily 61.8% fib level is at 0.6277, expected to provide support.
The AUD/USD turned positive for the day after rebounding more than a hundred pips from four-day lows. The pair rose from near 0.6200 to 0.6333, hitting a fresh daily high on the back of a weaker dollar.
The greenback pulled back across the board following a report from WSJ mentioning a debate at the upcoming FOMC meeting on how to continue rising interest rates. The DXY moved off highs and trimmed daily gains. The report also boosted equity prices in Wall Street, also helping commodity prices.
Despite the sharp moves in AUD/USD, it continues to move in ranges between 0.6340 and 0.6200. A firm break above 0.6350 should open the doors to more gains in the very short term.
Technical Levels: Supports and Resistances
AUDUSD currently trading at 0.6288 at the time of writing. Pair opened at 0.6281 and is trading with a change of 0.11 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.6288 |
| 1 | Today Daily Change | 0.0007 |
| 2 | Today Daily Change % | 0.1100 |
| 3 | Today daily open | 0.6281 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.6381, 50 SMA 0.6654, 100 SMA @ 0.6798 and 200 SMA @ 0.7014.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.6381 |
| 1 | Daily SMA50 | 0.6654 |
| 2 | Daily SMA100 | 0.6798 |
| 3 | Daily SMA200 | 0.7014 |
The previous day high was 0.6356 while the previous day low was 0.6228. The daily 38.2% Fib levels comes at 0.6307, expected to provide support. Similarly, the daily 61.8% fib level is at 0.6277, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.6221, 0.6161, 0.6093
- Pivot resistance is noted at 0.6349, 0.6416, 0.6476
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.6356 |
| Previous Daily Low | 0.6228 |
| Previous Weekly High | 0.6380 |
| Previous Weekly Low | 0.6170 |
| Previous Monthly High | 0.6916 |
| Previous Monthly Low | 0.6363 |
| Daily Fibonacci 38.2% | 0.6307 |
| Daily Fibonacci 61.8% | 0.6277 |
| Daily Pivot Point S1 | 0.6221 |
| Daily Pivot Point S2 | 0.6161 |
| Daily Pivot Point S3 | 0.6093 |
| Daily Pivot Point R1 | 0.6349 |
| Daily Pivot Point R2 | 0.6416 |
| Daily Pivot Point R3 | 0.6476 |
[/s2If]
Join Our Telegram Group
