AUD/USD technical analysis: Aussie is challenging the 0.6960 to the downside


AUD/USD daily chart

AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 
AUD/USD is under pressure below the 0.7000 handle.


AUD/USD 4-hour chart

AUD/USD is continuing to trade to the downside below its main SMAs suggesting bearish momentum in the medium term.

AUD/USD 30-minute chart


AUD/USD is trading below its main SMAs suggesting a bearish bias in the short-term. A break below 0.6960 support could open the gates to a continuation towards 0.6940/20 levels.
Resistance is at 0.6990 and 0.7010 levels.


Additional key levels

AUD/USD

Overview
Today last price 0.6967
Today Daily Change -0.0032
Today Daily Change % -0.46
Today daily open 0.6999
 
Trends
Daily SMA20 0.7063
Daily SMA50 0.7083
Daily SMA100 0.7108
Daily SMA200 0.716
Levels
Previous Daily High 0.7019
Previous Daily Low 0.6978
Previous Weekly High 0.7048
Previous Weekly Low 0.6947
Previous Monthly High 0.7206
Previous Monthly Low 0.6988
Daily Fibonacci 38.2% 0.7003
Daily Fibonacci 61.8% 0.6994
Daily Pivot Point S1 0.6979
Daily Pivot Point S2 0.6958
Daily Pivot Point S3 0.6938
Daily Pivot Point R1 0.7019
Daily Pivot Point R2 0.7039
Daily Pivot Point R3 0.706

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

USD/JPY holds near 155.50 after Tokyo CPI inflation eases more than expected

USD/JPY holds near 155.50 after Tokyo CPI inflation eases more than expected

USD/JPY is trading tightly just below the 156.00 handle, hugging multi-year highs as the Yen continues to deflate. The pair is trading into 30-plus year highs, and bullish momentum is targeting all-time record bids beyond 160.00, a price level the pair hasn’t reached since 1990.

USD/JPY News

AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation

AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation

The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.

AUD/USD News

Gold soars as US economic woes and inflation fears grip investors

Gold soars as US economic woes and inflation fears grip investors

Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.

Gold News

FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask

FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask

US FBI has issued a caution to Bitcoiners and cryptocurrency market enthusiasts, coming on the same day as when the US Securities and Exchange Commission is on the receiving end of a lawsuit, with a new player adding to the list of parties calling for the regulator to restrain its hand.

Read more

Bank of Japan expected to keep interest rates on hold after landmark hike

Bank of Japan expected to keep interest rates on hold after landmark hike

The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.

Read more

Forex MAJORS

Cryptocurrencies

Signatures