AUD/USD Technical Analysis: Sluggish below 0.7075 resistance
|AUD/USD daily chart
- AUD/USD is trading in a bear trend below its mains simple moving averages (SMA).
- AUD/USD outlook is bearish below 0.7075 resistance.
AUD/USD 4-hour chart
- AUD/USD is under pressure below its main SMAs.
AUD/USD 30-minute chart
- AUD/USD is consolidating Friday’s gains above its main SMAs suggesting bullish momentum in the short-term.
- A break of 0.7075 resistance can lead to 0.7100 to the upside.
- However, if 0.7075 caps prices, it can lead to a decline to 0.7025 immediate support followed by 0.6990 level.
Additional key levels
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