AUD/USD technical analysis: Aussie spikes to 6-day high above 0.6900 on USD weakness

AUD/USD is recovering after seeing intense selling in the last weeks.
The level to beat for bulls is at 0.6930 resistance according to the Technical Confluences Indicator.

Flavio Tosti Independent Analyst

The US Dollar is weakening across the board on the back of dovish comments from the Fed.

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is rebounding sharply above the 0.6900 figure.

AUD/USD 4-hour chart

The Aussie made a sharp recovery as it now challenging the 100 and 200 SMAs near 0.6939 resistance which is a cluster of technical levels according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is trading above its main SMAs suggesting bullish momentum in the near term. A sustained break above 0.6930 can send the Aussie to 0.6960, the next main resistance according to the Technical Confluences Indicator. Support is at 0.6915 and 0.6900 figure.

Additional key levels

AUD/USD

Overview
Today last price	0.6925
Today Daily Change	0.0045
Today Daily Change %	0.65
Today daily open	0.688

Trends
Daily SMA20	0.693
Daily SMA50	0.6988
Daily SMA100	0.7051
Daily SMA200	0.7111

Levels
Previous Daily High	0.691
Previous Daily Low	0.6854
Previous Weekly High	0.7009
Previous Weekly Low	0.6861
Previous Monthly High	0.7062
Previous Monthly Low	0.6862
Daily Fibonacci 38.2%	0.6889
Daily Fibonacci 61.8%	0.6876
Daily Pivot Point S1	0.6853
Daily Pivot Point S2	0.6826
Daily Pivot Point S3	0.6798
Daily Pivot Point R1	0.6908
Daily Pivot Point R2	0.6937
Daily Pivot Point R3	0.6964

Author

Flavio Tosti

Independent Analyst

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