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AUD/USD Technical Analysis: Aussie break to 3 year’s low as the battle for 0.7000 has started

AUD/USD daily chart

  • AUD/USD is trading in a bear trend below the 50 and 200-period simple moving average (SMA).
  • AUD/USD is testing the 0.7000 figure, the lowest level in nearly three years.

AUD/USD 4-hour chart

  • AUD/USD rejected the 50 SMA.  
  • The bears need to keep AUD/USD below 0.7000 in order to extend the bear trend.

AUD/USD 30-minute chart

  • Although the trend is strongly bearish the downside is very much likely limited as 0.7000, 0.7020 and 0.7050 become the next bull targets in the coming sessions.

Additional key levels:

AUD/USD

Overview:
       Today Last Price:  0.6985
       Today Daily change:  -71  pips
       Today Daily change %:  -1.01%
       Today Daily Open:  0.7056
Trends:
       Previous Daily SMA20:  0.7134
       Previous Daily SMA50:  0.7186
       Previous Daily SMA100:  0.7192
       Previous Daily SMA200:  0.7354
Levels:
       Previous Daily High:  0.7072
       Previous Daily Low:  0.6996
       Previous Weekly High:  0.7078
       Previous Weekly Low:  0.7014
       Previous Monthly High:  0.7394
       Previous Monthly Low:  0.7014
       Previous Daily Fibonacci 38.2%:  0.7043
       Previous Daily Fibonacci 61.8%:  0.7025
       Previous Daily Pivot Point S1:  0.7011
       Previous Daily Pivot Point S2:  0.6965
       Previous Daily Pivot Point S3:  0.6935
       Previous Daily Pivot Point R1:  0.7087
       Previous Daily Pivot Point R2:  0.7117
       Previous Daily Pivot Point R3:  0.7163

 

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