AUD/USD Price Analysis: Aussie drifting down to fresh 2020 lows

  • AUD/USD is breaking below the 0.6831 support.
  • Downside targets can be seen near 0.6790 and 0.6767 levels. 

AUD/USD daily chart

AUD/USD is under bearish pressure falling to new January lows while trading below the main daily simple moving averages (SMAs) suggesting an underlying bearish bias. The market is breaking below an ascending trendline. The market is starting to pierce below the 0.6831 support. A daily close below this level can see further downside towards the 0.6790 and 0.6767 levels, according to the Technical Confluences Indicator. Resistance is seen at the 0.6892 and 0.6918 level.s 

Additional key levels 


Today last price 0.6821
Today Daily Change -0.0021
Today Daily Change % -0.31
Today daily open 0.6842
Daily SMA20 0.6914
Daily SMA50 0.6871
Daily SMA100 0.6844
Daily SMA200 0.6881
Previous Daily High 0.6879
Previous Daily Low 0.6829
Previous Weekly High 0.6935
Previous Weekly Low 0.6871
Previous Monthly High 0.7033
Previous Monthly Low 0.6762
Daily Fibonacci 38.2% 0.6848
Daily Fibonacci 61.8% 0.686
Daily Pivot Point S1 0.6821
Daily Pivot Point S2 0.68
Daily Pivot Point S3 0.6771
Daily Pivot Point R1 0.6871
Daily Pivot Point R2 0.69
Daily Pivot Point R3 0.6921



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

AUD/USD following higher than expected Aussie Unemployment Rate

AUD/USD fails to cheer an increase in Employment Change. The pair declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia’s employment data disappoints Aussie traders on early Thursday.


USD/JPY bulls catch a breath near multi-month top, stays above 111.00

USD/JPY seesaws around 111.30 at the start of Asian session. The risk barometer surged to the highest in nine months the previous day as Chinese authorities manage to placate traders. The pair consolidates gains following FOMC minutes.


Gold breaks to near 7-year highs amid coronavirus fears, next target is $1,617

Gold prices have extended their gains and have topped $1,611.42, the previous 2020 peak. XAU/USD is now trading at the highest levels since March 2013. Back then, it hit a high of $1,617, which is the next upside target.

Gold News

WTI upside remains capped by $53.00 ahead of API

WTI oil stays upbeat, following the run-up to the monthly high before a few minutes, as taking rounds to $53.70 amid the initial Asian session on Thursday. The black gold recently benefited from the weekly inventory data from the API.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info