AUD/USD Asia Price Forecast: Aussie nearing the 2020 highs vs. US dollar

AUD/USD is approaching the 2020 highs.
The level to beat for buyers is the 0.6990 resistance.

Flavio Tosti Independent Analyst

AUD/USD four-hour chart

AUD/USD keeps rising and nearing 2020 highs as the USD selloff stays intact. The aussie is trading just below the 0.6990 resistance while above the main SMAs as the overall bullish bias prevails. However, the spot will need to overcome the 0.6990 level for a possible run towards the 0.7183 resistance levels. On the flip side of the coin, a turn lower could find initial support near the 0.6834 and 0.6749 levels.

Additional key levels

AUD/USD

Overview
Today last price	0.694
Today Daily Change	0.0019
Today Daily Change %	0.27
Today daily open	0.6921

Trends
Daily SMA20	0.6591
Daily SMA50	0.6417
Daily SMA100	0.6481
Daily SMA200	0.6659

Levels
Previous Daily High	0.6983
Previous Daily Low	0.6856
Previous Weekly High	0.6683
Previous Weekly Low	0.6519
Previous Monthly High	0.6683
Previous Monthly Low	0.6372
Daily Fibonacci 38.2%	0.6935
Daily Fibonacci 61.8%	0.6904
Daily Pivot Point S1	0.6856
Daily Pivot Point S2	0.6792
Daily Pivot Point S3	0.6728
Daily Pivot Point R1	0.6984
Daily Pivot Point R2	0.7048
Daily Pivot Point R3	0.7112

Author

Flavio Tosti

Independent Analyst

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