AUD/USD technical analysis: Aussie challenging the daily lows, sub-0.6800 figure

The Aussie is correcting down below the 0.6800 figure.
The level to beat for bears are seen at the 0.6785 and 0.6761 support levels.

Flavio Tosti Independent Analyst

AUD/USD daily chart

In the last two days, the Aussie has been recovering some ground after hitting a new multi-month low at the 0.6676 level.

AUD/USD 4-hour chart

The Aussie is trading in a bear trend below the main simple moving averages (SMAs). The market is challenging the 0.6785 support. A break below that level would see the Aussie trade lower towards 0.6761, 0.6740 and 0.6715 in the medium term, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

The market is pulling back down as the market is trading between the 100 and 200 SMAs. The market is expected to decline further; however, immediate resistance can be seen at 0.6796, 0.6810 and the 0.6830 levels, according to the Technical Confluences Indicator.

Additional key levels

AUD/USD

Overview
Today last price	0.6788
Today Daily Change	-0.0013
Today Daily Change %	-0.19
Today daily open	0.6801

Trends
Daily SMA20	0.6918
Daily SMA50	0.6942
Daily SMA100	0.6989
Daily SMA200	0.7075

Levels
Previous Daily High	0.6822
Previous Daily Low	0.6746
Previous Weekly High	0.6917
Previous Weekly Low	0.6763
Previous Monthly High	0.7082
Previous Monthly Low	0.6832
Daily Fibonacci 38.2%	0.6793
Daily Fibonacci 61.8%	0.6775
Daily Pivot Point S1	0.6757
Daily Pivot Point S2	0.6714
Daily Pivot Point S3	0.6681
Daily Pivot Point R1	0.6833
Daily Pivot Point R2	0.6866
Daily Pivot Point R3	0.6909

Author

Flavio Tosti

Independent Analyst

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