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AUD/USD Technical Analysis: Aussie sidelined near November lows

  • The aussie is trapped in a tight trading range this week.
  • The level to beat for bears is the 0.6773 swing low.
 

AUD/USD daily chart 

 
The aussie is trading in a bear trend below its main daily simple moving averages (DMAs) on the daily chart. The market is trapped in a range, currently holding above the November lows. 
 

AUD/USD four-hour chart

 
The spot is sidelined just above the November lows. If AUD/USD breaks below the 0.6773 (swing low), the bears could send the market down to the 0.6740 level, according to the Technical Confluences Indicator
 
 

AUD/USD 30-minute chart 

 
AUD/USD is under pressure below the 0.6795 resistance and the main SMAs, suggesting a bearish bias in the short term. Resistance is expected at 0.6795 and the 0.6810 price levels, according to the Technical Confluences Indicator. 
 

Additional key levels

 

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