AUD/USD Price Analysis: Australian dollar heavy near 0.6000 handle

AUD/USD is easing down from the 0.6200 figure.
The level to beat for sellers is the 0.6000 handle.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is easing down from the 0.6200 figure after a rebound from one-decade lows. USD strength is favoring the downside in the antipodean currency pair.

AUD/USD four-hour chart

AUD/USD is resuming the bear trend while trading below the main SMAs suggesting a bearish bias in the medium term as bears are pressuring the 0.6000 handle and a break below it can lead to further downside towards the 0.5865 level and the 0.5700 figure while resistance can emerge near the 0.6100, 0.6200 and 0.6300 levels on the way up.

Additional key levels

AUD/USD

Overview
Today last price	0.6
Today Daily Change	-0.0060
Today Daily Change %	-0.99
Today daily open	0.606

Trends
Daily SMA20	0.6125
Daily SMA50	0.6454
Daily SMA100	0.6663
Daily SMA200	0.6753

Levels
Previous Daily High	0.6119
Previous Daily Low	0.6007
Previous Weekly High	0.62
Previous Weekly Low	0.57
Previous Monthly High	0.6686
Previous Monthly Low	0.5509
Daily Fibonacci 38.2%	0.605
Daily Fibonacci 61.8%	0.6076
Daily Pivot Point S1	0.6005
Daily Pivot Point S2	0.595
Daily Pivot Point S3	0.5893
Daily Pivot Point R1	0.6117
Daily Pivot Point R2	0.6174
Daily Pivot Point R3	0.623

Author

Flavio Tosti

Independent Analyst

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