AUD/USD technical analysis: Aussie hovering near two-day lows ahead of the FOMC Minutes

AUD/USD is trading near two-day lows ahead of the FOMC Minutes.
The level to beat for sellers is the 0.6720 support.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The Aussie is trading in a bear trend below its main daily simple moving averages (SMAs) on the daily chart. This Wednesday the FOMC Minutes at 18:00 GMT can lead to some volatility in USD-related currency pairs.

AUD/USD 4-hour chart

The AUD/USD exchange rate is trading below the main SMAs on the four-hour chart, suggesting bearish momentum in the medium term. A break below the 0.6720 support level can generate a move down to the 0.6700 figure, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is trading below the main SMAs on the 30-minute chart, suggesting bearish momentum in the near term. Immediate resistances are seen at the 0.6751 and 0.6780 price levels.

Additional key levels

AUD/USD

Overview
Today last price	0.6728
Today Daily Change	0.0001
Today Daily Change %	0.01
Today daily open	0.6727

Trends
Daily SMA20	0.6785
Daily SMA50	0.6781
Daily SMA100	0.687
Daily SMA200	0.6984

Levels
Previous Daily High	0.6758
Previous Daily Low	0.671
Previous Weekly High	0.6776
Previous Weekly Low	0.667
Previous Monthly High	0.6895
Previous Monthly Low	0.6687
Daily Fibonacci 38.2%	0.6728
Daily Fibonacci 61.8%	0.674
Daily Pivot Point S1	0.6705
Daily Pivot Point S2	0.6684
Daily Pivot Point S3	0.6657
Daily Pivot Point R1	0.6753
Daily Pivot Point R2	0.678
Daily Pivot Point R3	0.6801

Author

Flavio Tosti

Independent Analyst

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