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  • The Aussie is trading near the 0.6750 after the London close.
  • The level to beat for bears is the 0.6750 level, followed by 0.6720.  

AUD/USD daily chart  

The Aussie is trading in a downtrend below its main daily simple moving averages (SMAs) on the daily chart.  

AUD/USD 4-hour chart

The market is trading between the 50 and 100 SMAs, suggesting a sideways market in the medium term. The spot is challenging the 0.6750 support. A break below the level can see the Aussie moving down to the 0.6720 level, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

AUD/USD is trading below the main SMAs on the 30-minute chart, suggesting a bearish bias in the near term. Resistance is seen at the 0.6780 and 0.6800 price levels.

Additional key levels