AUD/USD Technical Analysis: Aussie prints fresh five-week lows, nearing 0.6760 level

The aussie is trapped in a Thanksgiving range as the bank holiday in the US keeps the market quiet.
The level to beat for bears is the 0.6760 swing low.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The aussie is trading in a downtrend below the main daily simple moving averages (DMAs). The spot is under pressure, hitting new November lows.

AUD/USD four-hour chart

The aussie is grinding lower at a very slow pace while the market is trending down below the main SMAs. The level to beat for bears is the 0.6760 level. If breached, AUD/USD could extend the decline towards the 0.6740 and 0.6714 levels, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is under pressure below the 0.6773 resistance and the main SMAs, suggesting a bearish momentum in the short term. Resistance is expected at 0.6773 and 0.6795 price levels, according to the Technical Confluences Indicator.

Additional key levels

AUD/USD

Overview
Today last price	0.6765
Today Daily Change	-0.0012
Today Daily Change %	-0.18
Today daily open	0.6777

Trends
Daily SMA20	0.6835
Daily SMA50	0.6806
Daily SMA100	0.6827
Daily SMA200	0.6926

Levels
Previous Daily High	0.6792
Previous Daily Low	0.6771
Previous Weekly High	0.6835
Previous Weekly Low	0.678
Previous Monthly High	0.693
Previous Monthly Low	0.667
Daily Fibonacci 38.2%	0.6779
Daily Fibonacci 61.8%	0.6784
Daily Pivot Point S1	0.6768
Daily Pivot Point S2	0.6759
Daily Pivot Point S3	0.6747
Daily Pivot Point R1	0.6789
Daily Pivot Point R2	0.6801
Daily Pivot Point R3	0.681

Author

Flavio Tosti

Independent Analyst

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