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24 Sep 2019

AUD/USD technical analysis: Aussie challenging the 0.6800 handle

AUD/USD is trading up this Tuesday as the Greenback is down across the board.
The market is challenging an important resistance at the 0.6800 figure.

AUD/USD daily chart

AUD/USD is in a downtrend below the main daily simple moving averages (SMAs). The Aussie gained some strength on the back of USD weakness.

AUD/USD 4-hour chart

The Aussie is challenging the 0.6800 handle and the 200 SMA. A break above the resistance can lead to a run to 0.6830 resistance, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is trading above the main SMAs, suggesting bullish momentum in the near term. Support is seen at the 0.6782 and 0.6760 price levels.

Additional key levels

Sep 24, 2019

Gold climbs toward $1,530 as market sentiment turns sour

The XAU/USD pair closed the first day of the week with small gains near $1,520 and spent the first half of the day on Tuesday moving sideways near tha