AUD/USD Price Analysis: Aussie off 2020 lows, trades above 0.6700 figure

AUD/USD is bouncing and stabilizing from its lowest point since March 2009.
AUD/USD is looking for a clear direction as the market is divided between a reversal up and printing new 2020 lows.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The aussie is reversing up from one-decade lows while trading well below its main daily simple moving averages (SMAs). Bulls want to create a convincing reversal up and a break above the 0.6753 resistance to push the spot towards the 0.6788 and 0.6800 levels. On the flip side, sellers want to resume the bear spike of the first week of 2020 and revisit the 0.6732, 0.6700 and 0.6684 price levels, according to the Technical Confluences Indicator.

Resistance: 0.6753, 0.6788, 0.6800

Support: 0.6732, 0.6700, 0.6684

Additional key levels

AUD/USD

Overview
Today last price	0.6722
Today Daily Change	-0.0015
Today Daily Change %	-0.22
Today daily open	0.6737

Trends
Daily SMA20	0.677
Daily SMA50	0.6851
Daily SMA100	0.683
Daily SMA200	0.6859

Levels
Previous Daily High	0.6751
Previous Daily Low	0.6711
Previous Weekly High	0.6775
Previous Weekly Low	0.6662
Previous Monthly High	0.704
Previous Monthly Low	0.6682
Daily Fibonacci 38.2%	0.6736
Daily Fibonacci 61.8%	0.6726
Daily Pivot Point S1	0.6715
Daily Pivot Point S2	0.6693
Daily Pivot Point S3	0.6675
Daily Pivot Point R1	0.6755
Daily Pivot Point R2	0.6773
Daily Pivot Point R3	0.6795

Author

Flavio Tosti

Independent Analyst

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