AUD/USD Price Analysis: Aussie sliding down below the 0.6900 figure

AUD/USD is under selling pressure in the New York session.
The level to beat for bears is the 0.6854/35 support zone.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is nearing the monthly lows while trading below the 50/200-day simple moving averages (SMAs), suggesting an overall bearish momentum.

AUD/USD four-hour chart

AUD/USD is under bearish pressure below the main SMAs and the 0.6900 figure. Bears are trying to drag the market below the 0.6854/35 support zone. A daily close below this level can lead to further weakness towards the 0.6792 level, according to the Technical Confluences Indicator. Resistance is seen at the 0.6892, 0.6920 and 0.6937 level.

Additional key levels

AUD/USD

Overview
Today last price	0.6862
Today Daily Change	-0.0014
Today Daily Change %	-0.20
Today daily open	0.6876

Trends
Daily SMA20	0.6929
Daily SMA50	0.687
Daily SMA100	0.6841
Daily SMA200	0.6887

Levels
Previous Daily High	0.6912
Previous Daily Low	0.6871
Previous Weekly High	0.6935
Previous Weekly Low	0.6871
Previous Monthly High	0.7033
Previous Monthly Low	0.6762
Daily Fibonacci 38.2%	0.6887
Daily Fibonacci 61.8%	0.6896
Daily Pivot Point S1	0.6861
Daily Pivot Point S2	0.6845
Daily Pivot Point S3	0.682
Daily Pivot Point R1	0.6902
Daily Pivot Point R2	0.6927
Daily Pivot Point R3	0.6943

Author

Flavio Tosti

Independent Analyst

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