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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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