AUD/USD Technical Analysis: Downside calling

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AUD/USD daily chart

  • AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 


AUD/USD 4-hour chart

  • AUD/USD is trading between the 50 and 100 SMAs suggesting a consolidation phase in the medium-term.
  • A bear break below 0.7075 can lead to the 0.7050 support.
  • Resistances are at 0.7100 figure and 0.7120 level.

Additional key levels

 

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