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  • The Aussie is losing ground ahead of the release of the Reserve Bank of Australia (RBA) Meeting Minutes.
  • The level to beat for bears is the 0.6760 level.  
 

AUD/USD daily chart

 
The Aussie is trading at daily lows ahead of the release of the Reserve Bank of Australia Meeting Minutes at 1:30 GMT. The news can spark high volatility in AUD-related currency pairs.

AUD/USD 4-hour chart

 
The Aussie is trading in a bear trend below its main simple moving averages (SMAs). The market is challenging the 0.6760 support. A break below this level could see the market decline towards 0.6740, 0.6715 and 0.6675 in the medium term, according to the Technical Confluences Indicator.
 

AUD/USD 30-minute chart

 
 
The market is under pressure near its daily low. Immediate resistance can be seen at the 0.6785 level, according to the Technical Confluences Indicator.  
 

Additional key levels