AUD/USD breaking to the downside to the 1hr 100 sma at 0.7675

AUD/USD has dipped to the 100 sam on the 1hr chart at 0.7675.

AUD/USD is soft towards the close for the week with a slight stabilizing in the greenback and after the RBa recently cut interest rates while the nonfarm payrolls in the US continues to recover, raising speculation that the the FOMC could move back towards a more hawkish bias as we head into the September meeting.  Next week we will have the RBA minutes as well as the Aussie jobs data before we have the FOMC minutes. so an eventful week ahead for the pair it shall be. 

How volatile has AUD/USD been?

Hourly 2-Standard Deviation Volatility Bandwidth is currently 28 pips, and has been expanding, while the ATR (14) is currently 11 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 287 pips and expanding. The average movement for the current hour has been for 11 pips per hour, over the last four weeks. Meanwhile, 12:00-13:00 GMT represents peak for volatility, with an average movement of 37 pips over the same period. 

What price levels and patterns have to be considered?

Spot is presently trading at 0.7677, and next resistance can be seen at 0.7691 (Yesterday's Low), 0.7694 (Weekly Classic R1), 0.7699 (Daily Open), 0.7702 (Monthly High) and 0.7702 (Weekly High). Next support to the downside can be found at 0.7676 (Daily Low), 0.7675 (Hourly 100 SMA), 0.7657 (Daily Classic S1), 0.7638 (Hourly 200 SMA) and 0.7619 (Weekly Low).  Regarding candlestick formations, we can see Dark Cloud Cover formation on the 1-hour .