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8 Oct 2019

AUD/USD technical analysis: Aussie is trading near daily lows, sub-0.6740 level

  • AUD/USD gave back its earlier gains as the Greenback is up across the board.
  • The level to beat for bears is the 0.6720 support. 
 
 

AUD/USD 4-hour chart

 
The Aussie is trading in a bear trend below its main SMAs on the four-hour chart. A break below the 0.6720 support level can lead to a move down to the 0.6700 figure, according to the Technical Confluences Indicator. On the flip side, resistances are seen at the 0.6751 and 0.6780 levels. 

Additional key levels

 

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Oct 8, 2019

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