AUD/USD Technical Analysis: Aussie trading at weekly lows below the 0.6800 handle


  • The Aussie is ending the week near the weekly lows. 
  • The level to beat for sellers is the 0.6773 support.
 

AUD/USD daily chart 

 
The aussie is trading in a downtrend below its main daily simple moving averages (DMAs) on the daily chart. The market is about to end the week below the 0.6800 handle.
 

AUD/USD 4-hour chart

 
The spot remains under pressure below its main SMAs close to the November lows. The market is nearing the 0.6773 (swing low). A break below it can lead to the 0.6740 level, according to the Technical Confluences Indicator. 
 
 

AUD/USD 30-minute chart 

 
AUD/USD is trading at weekly lows below the main SMAs, suggesting a bearish bias. Resistances are seen at the 0.6795 and 0.6810 price levels, according to the Technical Confluences Indicator. 
 

Additional key levels

AUD/USD

Overview
Today last price 0.6783
Today Daily Change -0.0001
Today Daily Change % -0.01
Today daily open 0.6784
 
Trends
Daily SMA20 0.685
Daily SMA50 0.6812
Daily SMA100 0.6834
Daily SMA200 0.6933
 
Levels
Previous Daily High 0.6814
Previous Daily Low 0.6783
Previous Weekly High 0.6866
Previous Weekly Low 0.6769
Previous Monthly High 0.693
Previous Monthly Low 0.667
Daily Fibonacci 38.2% 0.6795
Daily Fibonacci 61.8% 0.6802
Daily Pivot Point S1 0.6774
Daily Pivot Point S2 0.6763
Daily Pivot Point S3 0.6742
Daily Pivot Point R1 0.6805
Daily Pivot Point R2 0.6825
Daily Pivot Point R3 0.6836

 

 

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 extends gains above 1.0700, focus on key US data

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD meets fresh demand and rises toward  1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data. 

EUR/USD News

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter. 

GBP/USD News

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited. 

Gold News

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. 

Read more

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures