24 Jul 2019
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.
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