AUD/USD technical analysis: Aussie clings to weekly gains near 0.7000 figure

AUD/USD is gaining some strength above 0.6980 support.
The level to beat for bulls is 0.7016 and 0.7050 on the way up.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The Aussie is in a bear trend below its 100 and 200-day simple moving averages (DSMAs).

AUD/USD 4-hour chart

AUD/USD is trading above its main SMAs suggesting potential bullish momentum. The level to beat for bulls is 0.7016 followed by 0.7050, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is trading above its main SMAs suggesting bullish momentum in the near term. Support is seen at 0.6980 and 0.6950, according to the Technical Confluences Indicator.

Additional key levels

AUD/USD

Overview
Today last price	0.6993
Today Daily Change	0.0018
Today Daily Change %	0.26
Today daily open	0.6975

Trends
Daily SMA20	0.6954
Daily SMA50	0.6949
Daily SMA100	0.7024
Daily SMA200	0.7093

Levels
Previous Daily High	0.6989
Previous Daily Low	0.6953
Previous Weekly High	0.7049
Previous Weekly Low	0.6955
Previous Monthly High	0.7026
Previous Monthly Low	0.6831
Daily Fibonacci 38.2%	0.6975
Daily Fibonacci 61.8%	0.6967
Daily Pivot Point S1	0.6956
Daily Pivot Point S2	0.6936
Daily Pivot Point S3	0.692
Daily Pivot Point R1	0.6992
Daily Pivot Point R2	0.7008
Daily Pivot Point R3	0.7028

Author

Flavio Tosti

Independent Analyst

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