AUD/USD Price Analysis: Aussie off session’s lows, trades below 0.6900 handle


  • AUD/USD is starting the new year by declining sharply below the December 2019 highs. 
  • The level to beat for bears is the 0.6840 support. 

AUD/USD daily chart 

AUD/USD is retracing down sharply from the January highs trading now below the 0.6900 handle and 200-day simple moving averages (SMA). 
  

AUD/USD four-hour chart

The spot is under selling pressure below the 0.6890 level and the 200 SMA on the four-hour chart. The market is now consolidating the recent losses. Sellers want to break below 0.6840 to reach the 0.6800 handle. However, as the consolidation goes on, if bulls retake the 0.6890 level, it can lead to a correction up potentially reaching the 0.6920 and 0.6935 level, according to the Technical Confluences Indicator
 
 

Additional key levels

AUD/USD

Overview
Today last price 0.6869
Today Daily Change 0.0001
Today Daily Change % 0.01
Today daily open 0.6868
 
Trends
Daily SMA20 0.6925
Daily SMA50 0.687
Daily SMA100 0.683
Daily SMA200 0.6897
 
Levels
Previous Daily High 0.6944
Previous Daily Low 0.6858
Previous Weekly High 0.7043
Previous Weekly Low 0.693
Previous Monthly High 0.7033
Previous Monthly Low 0.6762
Daily Fibonacci 38.2% 0.6891
Daily Fibonacci 61.8% 0.6911
Daily Pivot Point S1 0.6836
Daily Pivot Point S2 0.6805
Daily Pivot Point S3 0.6751
Daily Pivot Point R1 0.6922
Daily Pivot Point R2 0.6976
Daily Pivot Point R3 0.7007

 

 

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