Home AUD/USD Technical Analysis: Aussie finally break below 0.7025 on Fed’s Powell speech

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AUD/USD Technical Analysis: Aussie finally break below 0.7025 on Fed’s Powell speech

FX Street

Updated: 1 May. 2019 | 21:07

AUD/USD daily chart

AUD/USD is trading in a bear trend below its mains simple moving averages (SMAs).
Fed’s Powell speech sent the USD up across the board.

AUD/USD 4-hour chart

AUD/USD is trading below its main SMAs suggesting a bearish bias in the medium-term.

AUD/USD 30-minute chart

The Aussie is finally breaking below 0.7025 support. Bears will likely try to drive the market towards 0.6990 level.
Resistance is seen at 0.7025 and 0.7050 level.

Additional key levels

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