AUID/USD Technical Analysis: Attempting breakout amid news Trump is fearing impeachment
- Over on the hourly chart, the AUD/USD pair charted a bullish divergence of the relative strength index (RSI) earlier today and is now chipping away the upper edge of the symmetrical triangle, currently at 0.7214.
- A break above 0.7214, if confirmed, would allow a test of the horizontal resistance lined up at 0.7242.
- Notably, the American dollar may be offered across the board as reports are doing the rounds that President Trump is worried of being impeached after Democrats take over the House. As a result, a symmetrical triangle breakout is more likely to happen.
Hourly Chart
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AUD/USD
Overview:
Today Last Price: 0.7208
Today Daily change: 22 pips
Today Daily change %: 0.306%
Today Daily Open: 0.7186
Trends:
Previous Daily SMA20: 0.7265
Previous Daily SMA50: 0.7184
Previous Daily SMA100: 0.7235
Previous Daily SMA200: 0.7407
Levels:
Previous Daily High: 0.7227
Previous Daily Low: 0.7174
Previous Weekly High: 0.7394
Previous Weekly Low: 0.7192
Previous Monthly High: 0.7345
Previous Monthly Low: 0.7072
Previous Daily Fibonacci 38.2%: 0.7207
Previous Daily Fibonacci 61.8%: 0.7194
Previous Daily Pivot Point S1: 0.7164
Previous Daily Pivot Point S2: 0.7143
Previous Daily Pivot Point S3: 0.7112
Previous Daily Pivot Point R1: 0.7217
Previous Daily Pivot Point R2: 0.7249
Previous Daily Pivot Point R3: 0.727