AUD/USD Price Analysis: Aussie trades in one-decade lows, sub-0.6600 figure

AUD/USD bounces modestly from one-decade low.
A bullish correction up could be on the cards.

Flavio Tosti Independent Analyst

AUD/USD daily chart

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

AUD/USD four-hour chart

The trend is bearish, however, as the US dollar is losing steam across the board a bullish correction cannot be ruled out. Bulls would need to regain the 0.6635/0.6649 resistance cluster in order to regain some strength. Below this area, the market is likely to remain vulnerable to bearish incursions with 0.6514, 0.6480 and 0.6400 acting as potential support.

Resistance: 0.6555, 0.6635, 0.6649

Support: 0.6514, 0.6480, 0.6400

Additional key levels

AUD/USD

Overview
Today last price	0.653
Today Daily Change	0.0016
Today Daily Change %	0.25
Today daily open	0.6514

Trends
Daily SMA20	0.6666
Daily SMA50	0.6796
Daily SMA100	0.6817
Daily SMA200	0.6841

Levels
Previous Daily High	0.6586
Previous Daily Low	0.6434
Previous Weekly High	0.6628
Previous Weekly Low	0.6434
Previous Monthly High	0.6775
Previous Monthly Low	0.6434
Daily Fibonacci 38.2%	0.6492
Daily Fibonacci 61.8%	0.6528
Daily Pivot Point S1	0.6437
Daily Pivot Point S2	0.6359
Daily Pivot Point S3	0.6285
Daily Pivot Point R1	0.6589
Daily Pivot Point R2	0.6663
Daily Pivot Point R3	0.6741

Author

Flavio Tosti

Independent Analyst

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