AUD/USD technical analysis: Aussie trading at daily lows ahead of RBA Minutes

08/19/2019 20:21:30 GMT|ByFlavio Tosti

The Aussie is losing ground ahead of the release of the Reserve Bank of Australia (RBA) Meeting Minutes.
The level to beat for bears is the 0.6760 level.

AUD/USD daily chart

The Aussie is trading at daily lows ahead of the release of the Reserve Bank of Australia Meeting Minutes at 1:30 GMT. The news can spark high volatility in AUD-related currency pairs.

AUD/USD 4-hour chart

The Aussie is trading in a bear trend below its main simple moving averages (SMAs). The market is challenging the 0.6760 support. A break below this level could see the market decline towards 0.6740, 0.6715 and 0.6675 in the medium term, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

The market is under pressure near its daily low. Immediate resistance can be seen at the 0.6785 level, according to the Technical Confluences Indicator.

Additional key levels

AUD/USD

Overview
Today last price	0.6763
Today Daily Change	-0.0016
Today Daily Change %	-0.24
Today daily open	0.6779

Trends
Daily SMA20	0.684
Daily SMA50	0.6917
Daily SMA100	0.6969
Daily SMA200	0.7061

Levels
Previous Daily High	0.6796
Previous Daily Low	0.677
Previous Weekly High	0.6818
Previous Weekly Low	0.6736
Previous Monthly High	0.7082
Previous Monthly Low	0.6832
Daily Fibonacci 38.2%	0.6786
Daily Fibonacci 61.8%	0.678
Daily Pivot Point S1	0.6767
Daily Pivot Point S2	0.6756
Daily Pivot Point S3	0.6741
Daily Pivot Point R1	0.6793
Daily Pivot Point R2	0.6808
Daily Pivot Point R3	0.6819

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