{"id":103088,"date":"2020-08-11T09:02:36","date_gmt":"2020-08-11T08:02:36","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103088"},"modified":"2020-08-11T12:03:48","modified_gmt":"2020-08-11T11:03:48","slug":"103839-aussie-technical-outlook-bulls-on-the-offensive-renewed-attack-at-0-7200","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103839-aussie-technical-outlook-bulls-on-the-offensive-renewed-attack-at-0-7200\/","title":{"rendered":"Aussie Technical Outlook: Bulls on the Offensive, Renewed Attack at 0.7200"},"content":{"rendered":"<ul>\n<li>Aussie posting new intraday highs while holding support at 0.7139<\/li>\n<li>MACD bullish signal in confluence with 61.8% Fibonacci level entices the bulls<\/li>\n<li>Buyers to be severely tested above the 0.7200<\/li>\n<\/ul>\n<p>On Tuesday during the pre-London open hours, Aussie buyers took control and bided the pair to a new high for the week at 0.7186 \u2013 currently around 0.7170. The bulls managed to defend the 61.8% Fibonacci retracement level of its August 03\/07 upside but they face a big challenge at the 100 Hall Moving Average.<\/p>\n<p>Additionally, Aussie buyers have confirmation from the MACD indicator which turned bullish. Aussie\u2019s repeated defense of the key Fibonacci level has resuscitated the bulls which can now attempt to regain the 0.7200 level.<\/p>\n<p>On the upside, traders are eyeing 0.7215 followed by 0.724\/45 before the buyers try to challenge 2019 high near 0.7300. At the same time, the bulls look vulnerable if a break below 0.7140 materializes, which can open the door for more selling pressure down to the 0.7100 level.<\/p>\n<p>If sellers take control of the market they can be challenged near the batch of support levels between 0.7065 \u2013 0.7060.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">AUD Index Today - last 90 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/1ae995791e41d97e8ac00c97469d2d91.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-103105\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/1ae995791e41d97e8ac00c97469d2d91.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/1ae995791e41d97e8ac00c97469d2d91-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/1ae995791e41d97e8ac00c97469d2d91-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/1ae995791e41d97e8ac00c97469d2d91-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aussie posting new intraday highs while holding support at 0.7139 MACD bullish signal in confluence with 61.8% Fibonacci level entices the bulls Buyers to be severely tested above the 0.7200 On Tuesday during the pre-London open hours, Aussie buyers took control and bided the pair to a new high for the week at 0.7186 \u2013 [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[],"class_list":{"0":"post-103088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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