AUD/USD technical analysis: Aussie trading in a tight range below 0.6900 ahead of FOMC Minutes

The FOMC Minutes will be published at 18:00 GMT this Wednesday. The news can potentially impact USD-related pairs.
If the bear trend resumes the Aussie can drop below the 0.6860 support.

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main simple moving averages (SMAs) as it is trading at multi-month low. The Aussie has been consolidating its loses in the last four days.

AUD/USD 4-hour chart

AUD/USD is trading near the monthly low and below its main SMAs suggesting bearish momentum in the medium term.

AUD/USD 30-minute chart

The Aussie is trading in a tight range below 0.6900 ahead of the FOMC Minutes. If the market break below the 0.6860 support sellers can target 0.6820 level to the downside. Immediate resistances are seen at 0.6900 and 0.6930 level

Additional key levels

AUD/USD

Overview
Today last price	0.688
Today Daily Change	-0.0002
Today Daily Change %	-0.03
Today daily open	0.6882

Trends
Daily SMA20	0.6978
Daily SMA50	0.7062
Daily SMA100	0.7098
Daily SMA200	0.7145

Levels
Previous Daily High	0.6929
Previous Daily Low	0.6865
Previous Weekly High	0.7003
Previous Weekly Low	0.6862
Previous Monthly High	0.7206
Previous Monthly Low	0.6988
Daily Fibonacci 38.2%	0.689
Daily Fibonacci 61.8%	0.6905
Daily Pivot Point S1	0.6855
Daily Pivot Point S2	0.6828
Daily Pivot Point S3	0.6791
Daily Pivot Point R1	0.6919
Daily Pivot Point R2	0.6956
Daily Pivot Point R3	0.6984

Author

Flavio Tosti

Independent Analyst

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