- AUD/USD drops to the fresh low since February 2009.
- A six-week-old downward sloping trend line may offer a bounce below 0.6600.
- Bearish MACD continues to counter oversold RSI conditions.
AUD/USD drops below 0.6600, low of 0.6596, during early Friday. In doing so the pair refreshes the 11-year low with the bearish MACD indicating further declines.
With that mind, highs marked during late-February 2009, near 0.6550/45 are likely nearby support ahead of highlighting a downward sloping trend line since January 07, at 0.6540.
Should there be a further weakness below 0.6540, 0.6500 round figure could flash on the chart.
Alternatively, if oversold RSI conditions could trigger a pullback, buyers will target February 07 low near 0.6660.
AUD/USD daily chart
Additional important levels
|Today last price||0.6605|
|Today Daily Change||-12 pips|
|Today Daily Change %||-0.18%|
|Today daily open||0.6617|
|Previous Daily High||0.6698|
|Previous Daily Low||0.661|
|Previous Weekly High||0.6751|
|Previous Weekly Low||0.6661|
|Previous Monthly High||0.704|
|Previous Monthly Low||0.6682|
|Daily Fibonacci 38.2%||0.6643|
|Daily Fibonacci 61.8%||0.6664|
|Daily Pivot Point S1||0.6585|
|Daily Pivot Point S2||0.6553|
|Daily Pivot Point S3||0.6496|
|Daily Pivot Point R1||0.6674|
|Daily Pivot Point R2||0.673|
|Daily Pivot Point R3||0.6762|
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