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12 Apr 2019

AUD/USD Technical Analysis: Aussie faces brick wall resistance at 0.7200 handle

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA). 
  • The market tested the 200 SMA.

AUD/USD 4-hour chart

  • AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

AUD/USD 30-minute chart

  • AUD/USD found resistance below 0.7200 key resistance. 
  • Bears next objective is to drive the market down to 0.7160, 0.7135 and 0.7110 level.
  • To the upside, resistance can be seen at 0.7200 and 0.7220 level.


Additional key levels
 

 

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