News

AUD/USD Technical Analysis: Aussie prints fresh five-week lows, nearing 0.6760 level

  • The aussie is trapped in a Thanksgiving range as the bank holiday in the US keeps the market quiet.
  • The level to beat for bears is the 0.6760 swing low.
 

AUD/USD daily chart 

 
The aussie is trading in a downtrend below the main daily simple moving averages (DMAs). The spot is under pressure, hitting new November lows. 
 

AUD/USD four-hour chart

 
The aussie is grinding lower at a very slow pace while the market is trending down below the main SMAs. The level to beat for bears is the 0.6760 level. If breached, AUD/USD could extend the decline towards the 0.6740 and 0.6714 levels, according to the Technical Confluences Indicator. 
 

AUD/USD 30-minute chart 

 
AUD/USD is under pressure below the 0.6773 resistance and the main SMAs, suggesting a bearish momentum in the short term. Resistance is expected at 0.6773 and 0.6795 price levels, according to the Technical Confluences Indicator. 
 

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.