Home AUD/USD Technical Analysis: Aussie bears need a break below 0.7070 key support
FXStreet News

AUD/USD Technical Analysis: Aussie bears need a break below 0.7070 key support

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 below its 200 SMA suggesting a bearish bias in the medium-term.

AUD/USD 30-minute chart

  • AUD/USD is trading below its main SMAs suggesting a bearish bias in the short-term.
  • 0.7070 is the key support to break for bears. A break below it can lead to 0.7055 and 0.7040 level.
  • Resistances are seen at 0.7090 and 0.7105 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.