- AUD/USD is moving down sharply below the 0.7000 figure.
- The level to beat for bears is 0.6960.
AUD/USD daily chart
AUD/USD is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). The market is trading below the 0.7000 mark.
AUD/USD 4-hour chart
The Aussie made a sharp move down as it is testing the 50 SMA and 0.6960 support. Further down lies 0.6930 and 0.614 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. Resistance is at 0.7000.
Additional key levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
AUD/USD: Door open to extra gains near term
AUD/USD outperformed its risk-linked peers and extended its upside impulse to fresh YTD peaks in the 0.6940-0.6945 band at the beginning of the week, mostly on the back of the recently announced Chinese stimulus measures
EUR/USD faces a tough barrier around 1.1200
EUR/USD faded the initial uptick to levels just above 1.1200 the figure on Monday, eventually surrendering those gains in response to the strong bounce in the US Dollar ahead of key US data releases later in the week.
Gold extends slide and pierces $2,630
Gold extends its downward correction to start the week and trades deep in negative territory near $2,630. Profit-taking ahead of the long Chinese holiday and the cautious market mood seems to be weighing on XAU/USD as markets await Fed Chairman Powell's speech.
XRP fails to close above $0.65 support, while Ripple CEO offers optimistic outlook on crypto market cap
Ripple (XRP) made an unsuccessful attempt to close above $0.6500 on Monday, a key level for the altcoin.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.