AUD/USD technical analysis: Aussie trading at multi-week low as easing and bearish bias is intact

Overnight Reserve Bank of Australia (RBA)’s Lowe said that the Bank has an "easing bias." Putting extra pressure on AUD.
AUD/USD remains vulnerable to further weakness below the 0.6860 level.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). The Aussie is trading at multi-month low.

AUD/USD 4-hour chart

AUD/USD is trading at the weekly low its main SMAs suggesting bearish momentum in the medium term.

AUD/USD 30-minute chart

The Aussie is pressured near the daily lows. If the bears break below the 0.6860 support they can reach 0.6820 level to the downside. Resistances are seen at 0.6890 and 0.6930 level

Additional key levels

AUD/USD

Overview
Today last price	0.6866
Today Daily Change	-0.0043
Today Daily Change %	-0.62
Today daily open	0.6909

Trends
Daily SMA20	0.6989
Daily SMA50	0.7066
Daily SMA100	0.71
Daily SMA200	0.7147

Levels
Previous Daily High	0.6935
Previous Daily Low	0.6868
Previous Weekly High	0.7003
Previous Weekly Low	0.6862
Previous Monthly High	0.7206
Previous Monthly Low	0.6988
Daily Fibonacci 38.2%	0.6894
Daily Fibonacci 61.8%	0.6909
Daily Pivot Point S1	0.6873
Daily Pivot Point S2	0.6837
Daily Pivot Point S3	0.6806
Daily Pivot Point R1	0.694
Daily Pivot Point R2	0.6971
Daily Pivot Point R3	0.7007

Author

Flavio Tosti

Independent Analyst

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