The Aussie is losing steam on broad-based US Dollar strength. The level to beat for bears is the 0.6810 support. AUD/USD daily chart The Aussie is trading in a bear trend below its 100 and 200-day simple moving averages (DMAs) on the daily chart. However, in October, the market has been bouncing sharply and managed to surpass the 100 SMA for a limited amount of time. AUD/USD 4-hour chart The market is challenging the 0.6810 support and the 50 SMA. The level to beat for bears is the 0.6810 support. A break below the level is necessary for the market to trade towards 0.6767, according to the Technical Confluences Indicator. AUD/USD 30-minute chart AUD/USD is trading below its main SMAs on the 30-minute chart, suggesting a bearish bias in the near term. Resistances are seen at the 0.6833 and 0.6850 price levels. 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. View All Post By FX Street FXStreet News share Read Next EU to decide on Brexit extension next week – Sources FX Street 3 years The Aussie is losing steam on broad-based US Dollar strength. The level to beat for bears is the 0.6810 support. AUD/USD daily chart The Aussie is trading in a bear trend below its 100 and 200-day simple moving averages (DMAs) on the daily chart. However, in October, the market has been bouncing sharply and managed to surpass the 100 SMA for a limited amount of time. AUD/USD 4-hour chart The market is challenging the 0.6810 support and the 50 SMA. The level to beat for bears is the 0.6810 support. A… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
