AUD/USD technical analysis: Aussie bulls protect 0.6900 ahead of RBA

The Reserve Bank of Australia (RBA) is going to publish its Meeting Minutes at 1:30 GMT. They will be followed by RBA’s Governor Lowe speech at 2:15 GMT.
Will the bulls reach 0.6960 to the upside or will bears reclaim the main trend by pushing prices to 0.6860 swing low? Stay tuned.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main simple moving averages (SMAs).

AUD/USD 4-hour chart

AUD/USD is trading to the downside below its main SMAs suggesting bearish momentum in the medium term.

AUD/USD 30-minute chart

The Aussie gapped up this Sunday as the market is keeping the bullish pressure above the 0.6900 figure and the 100 SMA. A break above 0.6935 resistance can lead to another leg up to 0.6960. Support is at 0.6890 and 0.6860 swing low.

Additional key levels

AUD/USD

Overview
Today last price	0.6907
Today Daily Change	0.0045
Today Daily Change %	0.66
Today daily open	0.6862

Trends
Daily SMA20	0.7
Daily SMA50	0.7069
Daily SMA100	0.7101
Daily SMA200	0.7149

Levels
Previous Daily High	0.6898
Previous Daily Low	0.6862
Previous Weekly High	0.7003
Previous Weekly Low	0.6862
Previous Monthly High	0.7206
Previous Monthly Low	0.6988
Daily Fibonacci 38.2%	0.6876
Daily Fibonacci 61.8%	0.6884
Daily Pivot Point S1	0.685
Daily Pivot Point S2	0.6838
Daily Pivot Point S3	0.6814
Daily Pivot Point R1	0.6886
Daily Pivot Point R2	0.691
Daily Pivot Point R3	0.6922

Author

Flavio Tosti

Independent Analyst

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