AUD/USD Price Analysis: Aussie gets small rebound from one-decade low

AUD/USD rebounds modestly from one-decade low.
A bullish correction up cannot be ruled out.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is hovering near one-decade lows while trading well below its main daily simple moving averages (SMAs).

AUD/USD four-hour chart

The trend is bearish, however, as USD is losing steam a bullish correction cannot be ruled out. A break beyond the 0.6587 level could attract buying interest towards the 0.6635 and 0.6759 levels. Support is seen near 0.6560 and 0.6532 levels, according to the Technical Confluences Indicator.

Resistance: 0.6587, 0.6635, 0.6649

Support: 0.6560, 0.6532, 0.6520

Additional key levels

AUD/USD

Overview
Today last price	0.6579
Today Daily Change	0.0026
Today Daily Change %	0.40
Today daily open	0.6553

Trends
Daily SMA20	0.6682
Daily SMA50	0.681
Daily SMA100	0.6822
Daily SMA200	0.6845

Levels
Previous Daily High	0.6608
Previous Daily Low	0.6551
Previous Weekly High	0.6734
Previous Weekly Low	0.6585
Previous Monthly High	0.704
Previous Monthly Low	0.6682
Daily Fibonacci 38.2%	0.6573
Daily Fibonacci 61.8%	0.6586
Daily Pivot Point S1	0.6533
Daily Pivot Point S2	0.6514
Daily Pivot Point S3	0.6476
Daily Pivot Point R1	0.659
Daily Pivot Point R2	0.6628
Daily Pivot Point R3	0.6647

Author

Flavio Tosti

Independent Analyst

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