- AUD/USD is trading in a bear trend.
- AUD/USD reached a new 32-month low while the market is trading below its main simple moving averages. The RSI, MACD and Stochastics indicators are bearish although in oversold territories.
- A continuation of the bear move should lead to 0.7000 figure (current 2018 low) and 0.6830 January 15, 2016 low.
Spot rate: 0.7073
Relative change: -0.40%
High: 0.7114
Low: 0.7065
Main trend: Bearish
Resistance 1: 0.7144 September 5 low
Resistance 2: 0.7200 figure August 15 low
Resistance 3: 0.7236 August 24 low
Resistance 4: 0.7255 August 13 low
Resistance 5: 0.7294-0.7307 August 13 high, 50 DMA
Resistance 6: 0.7383 August 21 high
Resistance 7: 0.7485 July 10 high
Support 1: 0.7065, current 2018 low
Support 2: 0.7000 figure
Support 3: 0.6830 January 15, 2016 low