AUD/USD technical analysis: Aussie enters the Asian session above the 0.6850 level


  • The Aussie is nearing the September highs this Monday. 
  • The level to beat for bulls is the 0.6872 level. 
 

AUD/USD daily chart 

 
The Aussie is trading in a downtrend below its 200-day simple moving averages (DSMAs) on the daily chart. However, in October, the market has been bouncing sharply and surpassed the 100 SMA at 0.6858. 
 
 

AUD/USD 4-hour chart

 
The market is trading above the main SMAs, suggesting a bullish momentum in the medium term. The level to beat for bulls is the 0.6872 resistance. A break above the level is necessary for the market to trade towards 0.6895, near September highs. In case the market takes out the September highs, the next level to watch become the 0.6950 resistance, according to the Technical Confluences Indicator. 
 

AUD/USD 30-minute chart

AUD/USD is trading above its main SMAs on the 30-minute chart, suggesting a bullish bias in the near term. Support is seen at the 0.6850, 0.6835 and 0.6807 price levels.

 

Additional key levels

AUD/USD

Overview
Today last price 0.6868
Today Daily Change 0.0014
Today Daily Change % 0.20
Today daily open 0.6854
 
Trends
Daily SMA20 0.676
Daily SMA50 0.678
Daily SMA100 0.6859
Daily SMA200 0.697
 
Levels
Previous Daily High 0.6858
Previous Daily Low 0.682
Previous Weekly High 0.6858
Previous Weekly Low 0.672
Previous Monthly High 0.6895
Previous Monthly Low 0.6687
Daily Fibonacci 38.2% 0.6843
Daily Fibonacci 61.8% 0.6835
Daily Pivot Point S1 0.683
Daily Pivot Point S2 0.6806
Daily Pivot Point S3 0.6792
Daily Pivot Point R1 0.6868
Daily Pivot Point R2 0.6882
Daily Pivot Point R3 0.6906

 

 

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