AUD/USD Price Analysis: Aussie bounces from one-decade low

AUD/USD is reversing up after reaching yet again a fresh 2020 low.
Resistance is seen near the 0.6647 level.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The aussie is attempting to reverse up from one-decade lows while trading well below its main daily simple moving averages (SMAs). The trend is clearly bearish, however, considering the broad-based USD selling and the reversal attempt, AUD/USD might be in for a corrective move up in the coming sessions. A break above the 0.6647 level can lead to further strength towards 0.6675 and 0.6700 levels. Support is seen near 0.6613, 0.6578 and 0.6558 levels, according to the Technical Confluences Indicator.

Resistance: 0.6647, 0.6675, 0.6700

Support: 0.6613, 0.6578, 0.6558

Additional key levels

AUD/USD

Overview
Today last price	0.6629
Today Daily Change	0.0012
Today Daily Change %	0.18
Today daily open	0.6617

Trends
Daily SMA20	0.6718
Daily SMA50	0.6832
Daily SMA100	0.6827
Daily SMA200	0.6851

Levels
Previous Daily High	0.6698
Previous Daily Low	0.661
Previous Weekly High	0.6751
Previous Weekly Low	0.6661
Previous Monthly High	0.704
Previous Monthly Low	0.6682
Daily Fibonacci 38.2%	0.6643
Daily Fibonacci 61.8%	0.6664
Daily Pivot Point S1	0.6585
Daily Pivot Point S2	0.6553
Daily Pivot Point S3	0.6496
Daily Pivot Point R1	0.6674
Daily Pivot Point R2	0.673
Daily Pivot Point R3	0.6762

Author

Flavio Tosti

Independent Analyst

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