AUD/USD technical analysis: Aussie is challenging the 0.6960 to the downside
|AUD/USD daily chart
AUD/USD is trading in a bear trend below its main simple moving averages (SMAs).
AUD/USD is under pressure below the 0.7000 handle.
AUD/USD is continuing to trade to the downside below its main SMAs suggesting bearish momentum in the medium term.
AUD/USD 30-minute chart
AUD/USD is trading below its main SMAs suggesting a bearish bias in the short-term. A break below 0.6960 support could open the gates to a continuation towards 0.6940/20 levels.
Resistance is at 0.6990 and 0.7010 levels.
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