News

AUD/USD technical analysis: Aussie easing from daily highs, trading sub- 0.6770 level

  • AUD/USD is retracing down in the New York session after the inflation data in the United States. 
  • The US Core Consumer Price Index (CPI) came out as expected at 2.4% YoY. 
  • The level to beat for sellers is the 0.6752 support. 
 

AUD/USD daily chart 

 
The Aussie is trading in a bear trend below the main daily simple moving averages (SMAs) on the daily chart. This Thursday, the US Core Consumer Price Index (CPI) came out as expected at 2.4% YoY. 
 
 

AUD/USD 4-hour chart

 
The AUD/USD exchange rate is trading between the 50 and 200 SMAs, suggesting a consolidation phase in the medium term. The market is challenging the 0.6752 support. A break below the level can see the Aussie going back to the 0.6720/0.6700 support zone, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

 
AUD/USD is trading above the main SMAs on the 30-minute chart, suggesting bullish momentum in the near term. Immediate resistances are seen at the 0.6780 and 0.6820 price levels. 

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.