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AUD/USD technical analysis: Aussie ending the day on its low ahead of Australia job reports

  • The unemployment rate in Australia is forecast to slow down to 5.1% in May.
  • The US Dollar is on the rise across the board, sending AUD/USD down.

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is trading at its lowest in 7 days.


AUD/USD 4-hour chart

AUD/USD is about to end the day on its low and below its main SMAs. 


AUD/USD 30-minute chart


AUD/USD is under bearish pressure below its main SMAs. A sustained break below 0.6930 can send the Aussie to 0.6900 and 0.6880/70. Resistances are seen at 0.6960 and 0.7000 levels. 

Additional key levels

AUD/USD

Overview
Today last price0.6927
Today Daily Change-0.0035
Today Daily Change %-0.50
Today daily open0.6962
 
Trends
Daily SMA200.6931
Daily SMA500.7016
Daily SMA1000.7068
Daily SMA2000.7119
Levels
Previous Daily High0.6967
Previous Daily Low0.6946
Previous Weekly High0.7022
Previous Weekly Low0.6927
Previous Monthly High0.7062
Previous Monthly Low0.6862
Daily Fibonacci 38.2%0.6954
Daily Fibonacci 61.8%0.6959
Daily Pivot Point S10.695
Daily Pivot Point S20.6938
Daily Pivot Point S30.693
Daily Pivot Point R10.6971
Daily Pivot Point R20.6979
Daily Pivot Point R30.6991

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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