AUD/USD Technical Analysis: Slow bearish grind near the 2019 low

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its main simple moving average (SMAs).

AUD/USD 4-hour chart

  • AUD/USD is trading below its main SMAs suggesting bearish momentum in the medium-term.

AUD/USD 30-minute chart

  • Aussie is trading below its 100 and 200 SMAs suggesting bearish momentum in the short-term.
  • Bears are challenging last week low and they will need to overcome the 0.7060 support in order to travel to 0.7000 figure to the downside.
  • On the flip side, the level to beat for bulls is 0.7120.

Additional key levels

AUD/USD

Overview:
    Today Last Price: 0.7059
    Today Daily change: -26 pips
    Today Daily change %: -0.37%
    Today Daily Open: 0.7085
Trends:
    Daily SMA20: 0.7174
    Daily SMA50: 0.7156
    Daily SMA100: 0.7169
    Daily SMA200: 0.7283
Levels:
    Previous Daily High: 0.7107
    Previous Daily Low: 0.706
    Previous Weekly High: 0.7265
    Previous Weekly Low: 0.706
    Previous Monthly High: 0.7296
    Previous Monthly Low: 0.6684
    Daily Fibonacci 38.2%: 0.7078
    Daily Fibonacci 61.8%: 0.7089
    Daily Pivot Point S1: 0.7061
    Daily Pivot Point S2: 0.7037
    Daily Pivot Point S3: 0.7014
    Daily Pivot Point R1: 0.7108
    Daily Pivot Point R2: 0.7131
    Daily Pivot Point R3: 0.7155

 

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