AUD/USD price analysis: Australian dollar trading in a triangle pattern near 0.6830 level

The aussie is off daily lows after being under relative bearish pressure earlier in the session.
The level to beat for sellers is the 0.6821/14 support zone.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a downtrend below its 200-day simple moving average (DMA). However, the spot had a bounce near the 0.6850 level above the 50 and 100 DMAs.

AUD/USD four-hour chart

The aussie is consolidating the recent gains in a triangle pattern around the 200 SMA. In the New York session, the market is trading below the 0.6836/43 resistance zone. However, if the market happens to pierce this zone, the quote could climb to the 0.6864 level, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is off the daily lows while trading above the 200 SMA but below the 50/100 SMAs, suggesting a consolidation in the near. As the underlying trend remains bearish, the sellers could try to break the 0.6821/14 support zone. Further down lie the 0.6800, 0.6779 and 0.6775 level.

Additional key levels

AUD/USD

Overview
Today last price	0.6834
Today Daily Change	-0.0019
Today Daily Change %	-0.28
Today daily open	0.6853

Trends
Daily SMA20	0.6815
Daily SMA50	0.6809
Daily SMA100	0.6816
Daily SMA200	0.6917

Levels
Previous Daily High	0.6856
Previous Daily Low	0.6812
Previous Weekly High	0.68
Previous Weekly Low	0.6754
Previous Monthly High	0.6929
Previous Monthly Low	0.6754
Daily Fibonacci 38.2%	0.6839
Daily Fibonacci 61.8%	0.6829
Daily Pivot Point S1	0.6825
Daily Pivot Point S2	0.6797
Daily Pivot Point S3	0.6782
Daily Pivot Point R1	0.6869
Daily Pivot Point R2	0.6884
Daily Pivot Point R3	0.6912

Author

Flavio Tosti

Independent Analyst

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