#AUDUSD @ 0.67048 AUDUSD remains lackluster following the footprints of the DXY. (Pivot Orderbook analysis)

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• AUDUSD remains lackluster following the footprints of the DXY.
• Bulls are hopeful of a break above the supply zone placed in a 0.6702-0.6751.
• Advancing 20-and 50-EMAs add to the upside filters.

The pair currently trades last at 0.67048.

The previous day high was 0.6724 while the previous day low was 0.6664. The daily 38.2% Fib levels comes at 0.6686, expected to provide support. Similarly, the daily 61.8% fib level is at 0.6701, expected to provide support.

The AUDUSD pair is displaying a lackluster performance in the Asian session despite the release of the Reserve Bank of Australia (RBA) monetary policy minutes to provide detailed reasoning behind hiking interest rates by 25 basis points (bps) in November’s monetary policy meeting.

Also, the US dollar index (DXY) is witnessing back-and-forth moves amid a quiet market mood. The DXY is struggling to surpass the immediate hurdle of 107.00. A minor recovery in the 10-year US Treasury yields to 3.88% has been recorded.

On a four-hour scale, the asset is struggling to cross the demand zone placed in a narrow range of 0.6702-0.6751. The 20-and 50-period Exponential Moving Averages (EMAs) at 0.6642 and 0.6550 respectively are sloping north, which adds to the upside filters.

Meanwhile, the Relative Strength Index (RSI) (14) has shifted into the bullish range of 60.00-80.00, which indicates more weakness ahead.

Should the asset overstep the above-mentioned demand zone decisively, room for extra gains will get uncovered. The pair will march towards September 2 high at 0.6814, followed by the critical resistance placed from September 13 high around 0.6900.

On the flip side, the greenback bulls will regain strength if the asset drops below Thursday’s low at 0.6387. This will drag the pair towards October 14 high at 0.6324 and November 3 low at 0.6272.

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Technical Levels: Supports and Resistances

AUDUSD currently trading at 0.67 at the time of writing. Pair opened at 0.67 and is trading with a change of 0.0 % .

The pair is trading above its 20 Daily moving average @ 0.6432, above its 50 Daily moving average @ 0.65 , below its 100 Daily moving average @ 0.6702 and below its 200 Daily moving average @ 0.6956

The previous day high was 0.6724 while the previous day low was 0.6664. The daily 38.2% Fib levels comes at 0.6686, expected to provide support. Similarly, the daily 61.8% fib level is at 0.6701, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 0.6668, 0.6636, 0.6608
• Pivot resistance is noted at 0.6728, 0.6756, 0.6788

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