AUD/USD Technical Analysis: Immediate channel resistance can disappoint Aussie bulls at 0.7180


  • AUD/USD trades better bid near 0.7170 during early 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, the prices refrain to respect the 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 below 0.7105 and also validate the decline by breaking the 0.7100 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

 

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