Technical analytics

Fibonacci analysis of AUD/USD

AUDUSD

The AUD/USD pair remained in an uptrend. The spot maintained its neutral-to-bullish stance and stayed in a narrow range between 0.7180 and 0.7150. The buying pressure increased in the night and the AUD moved to 0.7200.


The AUD broke the Fibonacci level of 61.8% and the EMA200 and stayed above these barriers. The Fibonacci level of 50.0% is at 0.7200. The EMA50 is growing, the EMA100 started to change its course, the EMA200 is showing a moderate decline. MACD remained in the positive area. Stochastic consolidated within the overbought readings. The resistance lies at 0.7200, the support is at 0.7150.


Bulls are keeping focus at 0.7200. If they regain this hurdle, they will get a chance to record a fresh weekly high at 0.7250 where the Fibo mark of 38.2% is located.