AUD/USD technical analysis: Aussie challenging July lows near 0.6909 support

AUD/USD is challenging the monthly lows near 0.6909 support.
The levels to beat for bears can be seen near 0.6909 and 0.6960.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The Aussie is trading in a bear trend below the main daily simple moving averages (DSMAs). The market broke to new July lows this Friday.

AUD/USD 4-hour chart

AUD/USD is challenging the previous July low near 0.6909 support. If bears break below this level the market could continue to decline towards 0.6894 and 0.6833, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is trading below its main SMAs, suggesting bearish momentum in the near term. Immediate resistances can be seen near 0.6933, 0.6945 and the 0.6955 levels.

Additional key levels

AUD/USD

Overview
Today last price	0.6906
Today Daily Change	-0.0045
Today Daily Change %	-0.65
Today daily open	0.6951

Trends
Daily SMA20	0.7
Daily SMA50	0.6958
Daily SMA100	0.7015
Daily SMA200	0.7088

Levels
Previous Daily High	0.6985
Previous Daily Low	0.6942
Previous Weekly High	0.7082
Previous Weekly Low	0.6996
Previous Monthly High	0.7026
Previous Monthly Low	0.6831
Daily Fibonacci 38.2%	0.6958
Daily Fibonacci 61.8%	0.6969
Daily Pivot Point S1	0.6934
Daily Pivot Point S2	0.6916
Daily Pivot Point S3	0.6891
Daily Pivot Point R1	0.6977
Daily Pivot Point R2	0.7002
Daily Pivot Point R3	0.702

Author

Flavio Tosti

Independent Analyst

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