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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