AUD/USD technical analysis: Aussie under pressure at 8-day lows, sub-0.7000

AUD/USD is challenging the daily lows near 0.6981 support.
The levels to beat for bears can be seen near 0.6981 and 0.6955.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The Aussie is trading in a bear trend below the 0.7000 handle and its 100/200-day simple moving averages (DSMAs).

AUD/USD 4-hour chart

AUD/USD is challenging the 0.6981 support and the 200 SMA. Bears want to break below 0.6981 to reach 0.6955 and 0.6920 support, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is trading below its main SMAs suggesting bearish momentum in the near term. Immediate resistances can be seen near 0.6996, 0.7005 and 0.7020 levels.

Additional key levels

AUD/USD

Overview
Today last price	0.6978
Today Daily Change	-0.0026
Today Daily Change %	-0.37
Today daily open	0.7004

Trends
Daily SMA20	0.7004
Daily SMA50	0.6956
Daily SMA100	0.7016
Daily SMA200	0.709

Levels
Previous Daily High	0.7037
Previous Daily Low	0.6996
Previous Weekly High	0.7082
Previous Weekly Low	0.6996
Previous Monthly High	0.7026
Previous Monthly Low	0.6831
Daily Fibonacci 38.2%	0.7012
Daily Fibonacci 61.8%	0.7021
Daily Pivot Point S1	0.6988
Daily Pivot Point S2	0.6971
Daily Pivot Point S3	0.6947
Daily Pivot Point R1	0.7029
Daily Pivot Point R2	0.7053
Daily Pivot Point R3	0.707

Author

Flavio Tosti

Independent Analyst

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