Home AUD/USD Price Analysis: Aussie looking for direction near one-decade lows
FXStreet News

AUD/USD Price Analysis: Aussie looking for direction near one-decade lows

FX Street
Updated:
  • AUD/USD keeps consolidating losses as USD is on the back foot. 
  • AUD/USD is trading sideways near one-decade low. 
 

AUD/USD daily chart

 
The aussie is hovering near one-decade lows while trading well below its main daily simple moving averages (SMAs). The trend is clearly down, however, as USD is losing a correction up cannot be ruled out A break beyond the 0.6630 level could attract buying interest towards the 0.6650 and 0.6778 levels. Support is seen near 0.6596, 0.6569 and 0.6548 levels, according to the Technical Confluences Indicator.
 
 
Resistance: 0.6630, 0.6650, 0.6678
Support: 0.6596, 0.6569, 0.6548
 
 

Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024