AUD/USD Price Analysis: Aussie looking for direction near one-decade lows

AUD/USD keeps consolidating losses as USD is on the back foot.
AUD/USD is trading sideways near one-decade low.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The aussie is hovering near one-decade lows while trading well below its main daily simple moving averages (SMAs). The trend is clearly down, however, as USD is losing a correction up cannot be ruled out A break beyond the 0.6630 level could attract buying interest towards the 0.6650 and 0.6778 levels. Support is seen near 0.6596, 0.6569 and 0.6548 levels, according to the Technical Confluences Indicator.

Resistance: 0.6630, 0.6650, 0.6678

Support: 0.6596, 0.6569, 0.6548

Additional key levels

AUD/USD

Overview
Today last price	0.6599
Today Daily Change	-0.0002
Today Daily Change %	-0.03
Today daily open	0.6601

Trends
Daily SMA20	0.67
Daily SMA50	0.6821
Daily SMA100	0.6825
Daily SMA200	0.6848

Levels
Previous Daily High	0.6628
Previous Daily Low	0.6586
Previous Weekly High	0.6734
Previous Weekly Low	0.6585
Previous Monthly High	0.704
Previous Monthly Low	0.6682
Daily Fibonacci 38.2%	0.6612
Daily Fibonacci 61.8%	0.6602
Daily Pivot Point S1	0.6582
Daily Pivot Point S2	0.6562
Daily Pivot Point S3	0.6539
Daily Pivot Point R1	0.6624
Daily Pivot Point R2	0.6647
Daily Pivot Point R3	0.6667

Author

Flavio Tosti

Independent Analyst

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