AUD/USD technical analysis: The Aussie erases intraday gains as the market settles near 0.6860

AUD/USD remains confined in a narrow range as the bulls failed to move beyond 0.6875 resistance.
The level to beat for bears is the 0.6850 support.

Flavio Tosti Independent Analyst

AUD/USD daily chart

The Aussie is trading in a bear trend below the 100 and 200-day simple moving averages (SMAs). However, the bulls had a sharp rebound in September as the market reached the 50 SMA at the 0.6858 level.

AUD/USD 4-hour chart

The Aussie is trading above the main simple moving averages (SMAs), suggesting bullish momentum in the near term. Buyers need a daily close above 0.6875 if they intend to extend the bull move. Further up lie 0.6890 and 0.6910 resistance levels, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

The Aussie erased its intraday gains as the market is now trading just below 0.6861 and the 50/100 SMAs. The market has been flat in the last three sessions. If bears breach 0.6850 support, it can open the door to further losses towards 0.6839 and 0.6825, according to the Technical Confluences Indicator.

Additional key levels

AUD/USD

Overview
Today last price	0.6857
Today Daily Change	-0.0003
Today Daily Change %	-0.04
Today daily open	0.686

Trends
Daily SMA20	0.6776
Daily SMA50	0.6862
Daily SMA100	0.6909
Daily SMA200	0.7019

Levels
Previous Daily High	0.6871
Previous Daily Low	0.6848
Previous Weekly High	0.6862
Previous Weekly Low	0.6687
Previous Monthly High	0.6869
Previous Monthly Low	0.6676
Daily Fibonacci 38.2%	0.6857
Daily Fibonacci 61.8%	0.6862
Daily Pivot Point S1	0.6848
Daily Pivot Point S2	0.6837
Daily Pivot Point S3	0.6825
Daily Pivot Point R1	0.6871
Daily Pivot Point R2	0.6883
Daily Pivot Point R3	0.6894

Author

Flavio Tosti

Independent Analyst

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