- The Aussie reached a new 2019 low at the 0.6676 level this Wednesday.
- The level to beat for bulls are seen at the 0.6761 and 0.6785 resistances.
AUD/USD daily chart
The Aussie is recovering some ground after hitting a new multi-month low at the 0.6676 level.
AUD/USD 4-hour chart
The Aussie is trading in a strong bear trend below the main simple moving averages (SMAs). The market is reversing up and testing the key 0.6761 resistance, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
The market is pulling back up as the market is trading between the 100 and 200 SMAs. A break above 0.6761 resistance an lead to 0.6785 and the 0.6800 figure, according to the Technical Confluences Indicator. On the flip side, bears need to break below 0.6740 and 0.6715 on the way down.
Additional key levels
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