AUD/USD Price Analysis: Aussie under selling pressure near 2020 lows

AUD/USD is under bearish pressure as the London session comes to an end.
The level to beat for sellers is the 0.6835 support.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is under pressure near January lows while trading below the main daily simple moving averages (SMAs) suggesting an overall bearish momentum. The spot is also challenging an ascending trendline. Sellers are attempting to push the market below the 0.6835 support. A daily close below this level can see further depreciation 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	0.6837
Today Daily Change	-0.0006
Today Daily Change %	-0.09
Today daily open	0.6843

Trends
Daily SMA20	0.6919
Daily SMA50	0.687
Daily SMA100	0.6844
Daily SMA200	0.6882

Levels
Previous Daily High	0.6857
Previous Daily Low	0.6826
Previous Weekly High	0.6935
Previous Weekly Low	0.6871
Previous Monthly High	0.7033
Previous Monthly Low	0.6762
Daily Fibonacci 38.2%	0.6838
Daily Fibonacci 61.8%	0.6845
Daily Pivot Point S1	0.6827
Daily Pivot Point S2	0.6811
Daily Pivot Point S3	0.6796
Daily Pivot Point R1	0.6858
Daily Pivot Point R2	0.6873
Daily Pivot Point R3	0.6889

Author

Flavio Tosti

Independent Analyst

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