AUD/USD Technical Analysis: Aussie rolls into the Asian session clinging to modest daily gains near 0.6790 level


  • The aussie ends Tuesday on its highs, although the market stays in a limited range.
  • The level to beat for bears is the 0.6773 support.
 

AUD/USD daily chart 

 
The aussie is trading in a downtrend below the main daily simple moving averages (DMAs) on the daily time frame chart. The market is holding above the November lows. 
 

AUD/USD 4-hour chart

 
The spot is bouncing mildly from the November lows. If the market breaks below the 0.6773 (swing low), the sellers could drive the market down to the 0.6740 level, according to the Technical Confluences Indicator. 
 
 

AUD/USD 30-minute chart 

 
AUD/USD is trading below the 0.6795 resistance and a downward sloping 200 SMAs, suggesting a bearish bias in the short term. If 0.6795 is broken to the upside, the market could correct towards the 0.6810 price levels, according to the Technical Confluences Indicator. 
 

Additional key levels

AUD/USD

Overview
Today last price 0.679
Today Daily Change 0.0012
Today Daily Change % 0.18
Today daily open 0.6778
 
Trends
Daily SMA20 0.6845
Daily SMA50 0.6808
Daily SMA100 0.683
Daily SMA200 0.693
 
Levels
Previous Daily High 0.68
Previous Daily Low 0.6767
Previous Weekly High 0.6835
Previous Weekly Low 0.678
Previous Monthly High 0.693
Previous Monthly Low 0.667
Daily Fibonacci 38.2% 0.678
Daily Fibonacci 61.8% 0.6787
Daily Pivot Point S1 0.6763
Daily Pivot Point S2 0.6749
Daily Pivot Point S3 0.673
Daily Pivot Point R1 0.6796
Daily Pivot Point R2 0.6815
Daily Pivot Point R3 0.6829

 

 

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

EUR/USD climbs to daily highs near 1.1180 following the Fed’s decision

EUR/USD climbs to daily highs near 1.1180 following the Fed’s decision

EUR/USD now picks up extra pace and revisits the 1.1180 region after the Federal Reserve decided to cut its interest rates by 50 bps at its event on Wednesday.

EUR/USD News
GBP/USD hits fresh tops near 1.3300 on weaker Dollar

GBP/USD hits fresh tops near 1.3300 on weaker Dollar

The Greenback is now accelerating its decline following the Fed’s decision to reduce its interest rates, sending GBP/USD to fresh tops in the 1.3290 zone.

GBP/USD News
Gold surrenders gains and drops to weekly lows near $2,550

Gold surrenders gains and drops to weekly lows near $2,550

Gold prices reverses the initial uptick to record highs around the $$2,600 per ounce troy, coming under renewed downside pressure and revisiting the $2,550 zone amidst the late recovery in the US Dollar.

Gold News
Federal Reserve set for first interest-rate reduction in four years amid growing bets of jumbo cut

Federal Reserve set for first interest-rate reduction in four years amid growing bets of jumbo cut

The Federal Reserve is widely expected to lower the policy rate after the September meeting. The revised Summary of Economic Projections and Fed Chairman Powell’s remarks could provide important clues about the rate outlook.

Read more
UK CPI set to grow at stable 2.2% in August ahead of BoE meeting

UK CPI set to grow at stable 2.2% in August ahead of BoE meeting

The United Kingdom Office for National Statistics will release August Consumer Price Index figures on Wednesday. Inflation, as measured by the CPI, is one of the main factors on which the Bank of England bases its monetary policy decision, meaning the data is considered a major mover of the Pound Sterling.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Forex MAJORS

Cryptocurrencies

Signatures